Final answer:
The statement is generally true; an escrow branch can operate under the jurisdiction of a licensed title agent or licensed escrow agent at the head office, ensuring that property taxes and homeowners insurance are handled effectively through monthly payments.
Step-by-step explanation:
The statement regarding an escrow branch operating legally under the jurisdiction of a licensed title agent from the head office is generally True. Licensing requirements may vary by state, but typically, as long as there is a fully licensed individual managing the process, branch offices can conduct business under the umbrella of that license. It is important that the escrow branch follows all regulatory requirements and operates under the direct supervision of the licensed agent or the agency that holds the license. In the realm of real estate, escrow ensures that property taxes and homeowners insurance are managed effectively as part of a homeowner's monthly payment, simplifying the financial responsibilities associated with owning a property.