Escrow & Title
What is a closing statement and when is it provided in Nevada?
AA statement by the agent explaining why the deal fell through
BThe Closing Disclosure (formerly HUD-1) provided to buyers at least 3 business days before closing, itemizing all transaction costs and credits✓ Correct
CA title company's statement of the property's legal status
DA lender's statement of the remaining loan balance
Explanation
Under TRID (TILA-RESPA Integrated Disclosure) rules, the Closing Disclosure must be provided to the buyer at least 3 business days before consummation (closing) of a purchase transaction. It details all loan costs, closing costs, and cash needed at closing.
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