Last reviewed 08-20-2026Short-Sale.com Editorialglossary
IMPOUNDS
California Department of Real Estate
Updated 08-20-2026
IMPOUNDS
A trust type account established by lenders for the accumulation of borrowers funds to meet periodic payment of taxes, FHA mortgage insurance premiums, and/or future insurance policy premiums, required to protect their security. Impounds are usually collected with the note payment. The combined principal, interest, taxes and insurance payment is commonly termed a PITI payment.
California Department of Real Estate Glossary
California Department of Real Estate · p. 18
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