Escrow & Title
What is the primary purpose of a closing disclosure (CD) in a Hawaii residential transaction?
AA. To disclose the property's physical condition to the buyer
BB. To provide a final itemized accounting of all costs and credits to each party✓ Correct
CC. To confirm the property's zoning classification
DD. To certify that the home has passed inspection
Explanation
The Closing Disclosure provides a detailed final accounting of all costs, credits, and financial obligations for both buyer and seller, replacing the older HUD-1 form.
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