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Buyer Select Closing Agent Required Documents
Documentation that Closing Agents must return with the BSCA Addendum: If the state is an attorney state you will need:
•Copy of pocket license
•Copy of the bar document stating the lawyer is in good standing with the bar and has not had any disciplinary problems
•Copy of E&O Insurance. Must be insured for at least $1,000,000 ($1,000,000 each for claims and aggregate)
•Address cannot be a P.O. Box – must be a physical address
•Copy of Buyer Select Addendum, Must be typed or legible.
If the state is a title state you will need:
•Copy of Closing Agent’s State License, if never closed a BSCA transaction
•Copy of Closing Agent’s Insurance, if never closed a BSCA transaction
Errors & Omissions of at least $1,000,000
Must have at least 60 days remaining on insurance
Copy of Closing Protection Letter (CPL)
•Address cannot be a P.O. Box – must be a physical address
•Copy of Buyer Select Addendum, Must be typed or legible.