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Closing Procedures

Horizontales
Controlled Business Arrangement
Legal title passes from the seller to the buyer when the deed is delivered and __.
The lender generally charges the purchaser a loan origination fee of __ % payable at the time of close.
Taxes for the current year are prorated through the __ date.
The Closing Disclosure must be provided to the borrower-buyer __ days before consummation of the loan.
Security deposits should be listed on a closing statement as a credit to the __.
The __ owns the home on the day of closing.
A lender generally requires a/an __ to be produced at or before the closing.
On a Closing Disclosure, the broker's commission is normally entered as a __ to the seller.
Attorney's fees for the preparation of the deed of trust are paid by the __.
Under The TILA-RESPA Integrated Disclosure Rule, the __ or the closing agent must prepare the Closing Disclosure.
Verticales
At closing, the buyer's earnest money is a __ to the buyer.
The purpose of RESPA is to protect __ from abusive lending practices.
At closing, the payoff on an existing mortgage is a debit to the __.
If the buyer's credits are greater than the buyer's debits on the Closing Disclosure, the buyer will receive __ at closing.
In Texas the closing usually takes place at the __ company.
The Real Estate Settlement Procedures Act was first enacted as __ law.
The disbursement of funds, including payment for the property to the seller, is performed in the __ process.
__ bills are expenses that are typically prorated.
The earliest that a home purchase transaction can close is __ business days after the lender delivers the Loan Estimate to the home buyer.
__ items at closing are expenses that are owed by the seller but will later be paid by the buyer.