Contracts
Under Utah's REPC, the settlement (closing) date is:
AAlways 30 days from the offer acceptance date
BA specific date agreed upon by both parties in the contract✓ Correct
CSet by the title company after the contract is signed
DAutomatically extended if the buyer's loan is not ready
Explanation
The settlement date in the Utah REPC is a specific date negotiated and agreed upon by both buyer and seller at the time the contract is formed. Changes to the settlement date typically require a written addendum signed by both parties.
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