This extra amount is the cushion.. The Real Estate Settlement Procedures Act says that lenders can keep a maximum cushion of one-sixth of the total annual cost of items paid out of escrow. So if your taxes and insurance add up to $3,900 a year, your lender can keep a cushion of $650.Cushions are not overages.his extra amount is the cushion.. The Real Estate Settlement Procedures Act says that lenders can keep a maximum cushion of one-sixth of the total annual cost of items paid out of escrow. So if your taxes and insurance add up to $3,900 a year, your lender can keep a cushion of $650. Cushions are not overages.
Samples in periodicals archive: The Residential Condominium Building Association Policy (RCBAP) of the standard flood insurance policy insures residential condominium associations, and thus the building in which the unit is located. # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z. 1  Home.
Flash Flood Watch (green box) â Conditions are favorable for (flash) flooding in and close to the watch area. These watches are issued by the Weather Forecast Office and are usually issued six to 24 hours in advance of expected flood potential. In Canada, a Heavy Rainfall Warning has a similar meaning. Particularly Dangerous Situation Flash Flood Watch â Conditions are favorable for an extremely elevated level of severe and life-threatening flash flooding beyond the level of a normal flash flood watch in and close to the watch area.