Section R20-4-1908. Impound Accounts

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The total of all funds, if any, retained by the commercial mortgage banker from all periodic payments made by the borrower to main- tain a Cushion, as defined in R20-4-102, is limited only by the writ- ten agreement of the parties, if at all.

Historical Note

New Section adopted by final rulemaking at 5 A.A.R.

2094, effective June 10, 1999 (Supp. 99-2).

                    
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