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If a financial institution conducts the closing on their own loan, is the financial institution required to be a registered settlement agent?

April 26, 2017agent closing Conducts financial institution loan registered

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If a financial institution conducts the closing on their own loan, is the financial institution required to be a registered settlement agent?

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No. If the financial institution is the lender in the transaction, CRESPA treats such entity as a party to the transaction which is entitled to close the loan without registering with the Bar as a settlement agent.