Custodial Account
Accounts established by the ServicerServicerPrimary Person servicing the Mortgage Loan, including the originator, seller, or a third party. for depositing P&IP&IPrincipal and interest payments, T&IT&ITaxes or assessments that may become a Lien on the Property and insurance premiums. funds, Collateral AgreementCollateral AgreementAgreement granting a security interest in Mortgage Loan collateral not covered by the Security Instrument. deposits, and other similar funds.
Synonyms
Custodial Accounts