Iowa Code r. 187-18.23 - Employees of closing agents
(1) A
closing agent shall exercise diligence in hiring practices, including policies
regarding background investigations. A closing agent shall conduct a background
investigation and credit check for each employee responsible for handling
funds.
(2) A closing agent shall
provide appropriate training to employees on real estate closing matters,
including trust account administration, real estate closing procedures, and
fraud prevention.
Notes
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