Colorado: sunrise review on Closing Agents

2008 Sunrise Review: Closing Agents is now available from The Office of Policy, Research and Regulatory Reform. Closing Agents handle administrative functions related to the legal transfer of title and real property ownership from seller to buyer. The report notes that existing federal and state laws protect consumers from real estate transaction harm. Requirement of a surety bond is the most common form of regulation among the 19 states that oversee closing agents. It is recommended that the General Assembly impose a bond requirement on Closing Agents or liability on title companies for the actions of their contracted Closing Agents. Read the report.