Escrow & Title
In a Virginia real estate closing, the settlement agent prepares a Closing Disclosure (CD). What does the CD show?
AThe property's appraised value only
BAll loan terms, closing costs, and cash required to close✓ Correct
CThe title insurance commitment only
DThe property survey results
Explanation
The Closing Disclosure shows all final loan terms, interest rate, monthly payment, closing costs, prepaid items, and the exact cash to close for the buyer and proceeds to the seller.
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