Generally, mortgage escrow accounts are used to collect and pay property taxes and insurance payments on a home. Please see below requirements for a Home Improvement license in Nassau County. "A.3. Establish proper name for escrow account and printed checks and deposit slips. On the one hand, the escrow agent has a duty to treat the escrowed funds neutrally and in accordance with the terms of the escrow agreement. I signed up with Jeff's firm again today. (a) Escrow Agent agrees to deposit all payments received in the Lockbox into the Pledged. Dispute shall be held in the Panel Member's trust or escrow account until the dispute is resolved. 10. Payment of Fees Due to the Service.