Escrow & Title
In Alaska, the person responsible for preparing and distributing the Closing Disclosure to the borrower is:
AThe real estate listing agent
BThe mortgage lender or their settlement agent✓ Correct
CThe title company's title officer
DThe Alaska Real Estate Commission
Explanation
Under TRID rules, the Closing Disclosure is prepared and delivered by the lender (or their authorized settlement agent acting on the lender's behalf). The lender is ultimately responsible for ensuring the borrower receives it at least 3 business days before closing.
Related Alaska Escrow & Title Questions
- In Alaska, which of the following is TRUE about owner's title insurance?
- A title insurance policy that protects the lender's interest is called a:
- The chain of title for an Alaska property refers to:
- Escrow 'closes' when:
- A 'cloud on title' refers to:
- The Real Estate Settlement Procedures Act (RESPA) prohibits:
- RESPA (Real Estate Settlement Procedures Act) prohibits:
- Owner's title insurance in Alaska protects:
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