Sanibel Real Estate Blog: The Closing Disclosure

It’s acceptable for real estate professionals to receive a copy of the closing disclosure from lenders, the Consumer Financial Protection Bureau (CFPB) ruled late last week. About a year ago, the CFPB released this clarification, and last week’s action makes it official, says the National Association of Realtors® (NAR).

This is great news- we (agents) felt a bit shut out of the process with lenders at the closing juncture of the whole process. Turns out that agents actually do find errors and it was a good thing when we were involved.

So, the next time you close on a home with a lender, lenders will be able to share the closing disclosure. Hopefully, this will help reduce the closing table errors!

And if you are looking for some Sanibel real estate, then check out our website at www.chuckandrews.com or give us a call to discuss Sanibel real estate anytime.

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