ATTACHMENT_F.docx

Closing Agent Service Houston, Texas DU208WR-13-0002

ATTACHMENT F

FORMAT FOR ESCROW ACCOUNT LETTER AGREEMENT

Mr. John Smith ABC Bank Subject: XYZ, L.L.C. Escrow account #12345678 – Contract No. C-Den-00000 Dear Mr. Smith:

XYZ, L.L.C. (XYZ”) has been awarded a contract with the U.S. Department of Housing and Urban Development (“HUD”) to provide closing agent services in the State of . Under the terms of the closing agent contract, XYZ is required to establish a non-interest bearing escrow account for all sales proceeds, including earnest money deposits and funds presented at closing, in XYZ’s name with the restriction “As Trustee for the Department of Housing and Urban Development”. XYZ has opened such an account with your bank under Account No. 123456. The contract further requires that XYZ enter into a letter agreement with your bank which provides that upon demand by HUD, the account will be retitled into HUD’s name. The purpose of this letter is to effectuate this requirement.

ABC Bank is hereby authorized, upon demand by HUD, to refuse to honor any instrument drawn upon this account by parties other than HUD, to change the name of the account to “Department of Housing and Urban Development” and to pay immediately to HUD at any time upon its written demand, made in its sole discretion, up to the entire amount in the account. This demand may be made by any one of the HUD officials listed below.

[LIST OF HUD OFFICIALS TO BE PROVIDED AFTER AWARD]

Sincerely, XYZ, L.L.C.

[Title]

ABC Bank certifies that the account above identified is in existence in this institution under account number 12345678 and agrees with XYZ and HUD to honor demands made by HUD on such account in the manner provided above. ABC Bank further agrees upon the demand of HUD to refuse to honor any instruments drawn on such account by parties other than HUD and to change the name of said account to “Department of Housing and Urban Development”. Such demand may be made in HUD’s sole discretion.

ABC Bank

[Title]

F-1