In the recent case of Meridian Credit Union Limited v Baig, 1 the Court of Appeal considered the duties owed by various
parties to be honest and to not mislead each other
during the course of
real estate transactions.
The Consumer Financial Protection Bureau, which revised longstanding closing procedures last year under an initiative it calls Know Before You Owe, said today it understands that it's customary for
real estate sales associates, brokers, and other third -
party service providers to receive copies of the closing disclosure that goes to the customers
during the
transaction.