What must title agents provide to clients at closing?

Title agents are required to provide clients with a disclosure of all fees and the final settlement statement at closing to ensure transparency and clarity regarding the financial aspects of the transaction. The final settlement statement, also known as the Closing Disclosure, outlines all the costs associated with the transaction, including fees for services rendered by the title agent, lender, and other parties involved. This statement is essential because it allows the buyer and seller to understand the total costs they are responsible for and verifies that all financial commitments are adequately met.

Providing this detailed financial information safeguards the interests of all parties involved in the transaction, ensuring there are no surprises at closing. It is a regulatory requirement, helping to foster trust and accountability in real estate transactions. The comprehensive nature of the disclosure also serves to clarify any potential misunderstandings about charges and fees associated with the closing process.