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Escrows base monthly prorations on how many days? a. 28 b. 29 c. 30 d. 31

Escrows base monthly prorations on how many days? a. 28 b. 29 c. 30 d. 31

Thec) 30days is the correct option. When it comes to escrow, the monthly prorations are generally based on30 days, as it allows for a simple calculation process and ensures that the funds are disbursed correctly. "Escrow" plays a critical role in maintaining a fair and smooth transaction process."Escrow" refers to afinancial arrangementwhere a third party holds and regulates payment of funds required for two parties involved in a transaction. Regarding the question, escrows typically base their monthly prorations on30 days.This means that the monthly payment amount is calculated based on the assumption that each month has 30 days.By using a standard 30-day month, the escrow company can easily calculate thepro-rated amountsfor things like property taxes, homeowner's insurance, and mortgage interest. These amounts are then disbursed to the appropriate parties in a timely manner.For more aboutEscrow:brainly.com/question/29214495#SPJ11...

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