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6/13/19The Closing Process
Brought to you by:
Mike Malone, Fidelity National Title
Jessica Sanford, Dawes County Abstract &
Title, Inc. The Closing Process Before Closing
Once the purchase agreement
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What is statement of condition of?
Statement of condition of is a form that provides a snapshot of an individual or organization's financial position at a specific point in time.
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Individuals or organizations who are requested by a regulatory body or financial institution to provide a statement of condition are required to file it.
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The statement of condition of can be filled out by providing accurate and detailed information about assets, liabilities, and net worth.
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The purpose of statement of condition of is to assess the financial health and solvency of an individual or organization.
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Information such as assets, liabilities, net worth, and other relevant financial information must be reported on the statement of condition.
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