Escrow or closing agent definition
Escrow or closing agent means a person who controls and effects, in an escrow transaction, the delivery described in division (E) of this section, but excludes a federally insured bank, savings and loan association, credit union, or savings bank that makes a loan as part of a residential real property transaction and excludes a real estate broker who, in a fiduciary capacity, receives and deposits, in an account maintained under division (A)(26) of section 4735.18 of the Revised Code, cash, funds, checks, or negotiable instruments for earnest money or good faith or other purposes.
Escrow or closing agent means a person who controls and effects, in an escrow transaction, the delivery described in division
Examples of Escrow or closing agent in a sentence
Purchaser shall pay: (V) all costs associated with the recording of the Deed; (W) the cost of any lender title insurance policies and the cost of all Purchaser Endorsements (as hereinafter defined) and all affirmative endorsements for Purchaser’s lender’s policy; (X) the cost of the preparation of the Survey; (Y) one-half (1/2) of all Escrow or closing agent charges; and (Z) all costs associated with the recording of any encumbrances Purchaser places on the Property at the Closing.