The escrow agreement shall contain all of the following terms: (a) That the escrow agent shall promptly invest all of the escrowed funds. To enroll in escrow, the applicant must complete an application and attach the necessary documents (rental documents, utility bills, and photo ID) online.Escrow Agent shall be entitled to a monthly fee associated with the set-up, maintenance and closing of any interest bearing account. 5. A purchase agreement may provide that either the listing broker or the cooperating broker (or anyone else) will hold the earnest money deposit. 5. Escrow Agent shall not be liable for any loss or impairment of said funds due to bank failure, insolvency or suspension. 2. This section sets out the requirements for an escrow account that a lender establishes in connection with a federally related mortgage loan. The real estate broker shall account for any of its own money in a trust account in the records described in subparagraph (vi). Company, N.A., Detroit, Michigan. "Secure your financial transactions with our Escrow Holdback Agreement Addendum. Repair Timeline: A timeline is established for completing the repairs.
