Impounds::A trust type of account established by lenders for the accumulation of borrower's funds to meet periodic payments of taxes, mortgage insurance premiums, and/or future insurance policy premiums, required to protect their security.
Indemnity::Insurance against possible loss or damage. A title insurance policy is a contract of indemnity.
Impounds::A trust type of account established by lenders for the accumulation of borrower's funds to meet periodic payments of taxes, mortgage insurance premiums, and/or future insurance policy premiums, required to protect their security.
Indemnity::Insurance against possible loss or damage. A title insurance policy is a contract of indemnity.