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1.03 What is a cushion?

A cushion is the excess monies carried in your impound account that allows us to cover unanticipated disbursements or disbursements made before the borrower's payments are available in the account.  CalVet has established a two-month cushion for each Contract Holder for this purpose; therefore, your escrow account should not reflect a balance less than the total of two monthly escrow payments.​

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1.03 What is a cushion?