West Virginia SB667 amends definitions for real estate settlement transactions.
West Virginia SB667 amends the definitions related to real estate settlement transactions, including the roles of the settlement agent, the disbursement of loan funds, and the settlement proceeds. The bill specifies the types of funds that can be used for disbursement and defines the settlement agent's responsibilities. It also clarifies the terms "settlement," "loan closing," and "loan documents" within the context of real estate transactions.
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