The Closing Process

On paper, the closing process seems very simple. However, in order to comply with each state law, certain time frames must be met.

The closing process flows as follows:

• Initial submission of settlement documentation
• Disclosure Statement
• Closing documentation
• Attorney Estoppel letter
• Petition for Court Order filed
• Court order is obtained
• Insurance Company acknowledges assignment

Other links of interest

• What will an Annuity Policy Show?
• What is a Single Premium Immediate Annuity?
• New Federal and State Laws Regulating a Sale
• What is a Structured Settlement?
• What is an Annuity Application
• The Closing Process
• Submission Documentation
• Disclosure Statements
• Transfer Agreements
• Attorney Advice
• Court Order Process
• Insurance Company Acknowledgement

 

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