This letter is furnished only as a basic example and should not be used as a standard form. The attorney must be careful to tailor the details of the letter to the facts of the particular case. See section 1.6:4 in this chapter concerning clarifying nonrepresentation.
Nonrepresentation Letter When Representing Lender or Title Company
[Date]
[Names and addresses of buyer and seller]
Re: [describe transaction]
[Salutation]
I have represented [name of lender or title company] in the preparation of legal documents for use in closing the above-referenced transaction.
While I have acted solely on behalf of [name of lender or title company], [name], the buyer, and [name], the seller, acknowledge that the legal fees incurred in preparing the legal documents will be paid by the buyer or the seller even though I have not in any manner undertaken to assist or render legal advice to the buyer or the seller, except in the preparation of the legal documents. The buyer and the seller further acknowledge and understand that they may retain independent legal counsel to represent their individual interests in the referenced transaction.
The buyer and the seller specifically recognize that I do not have the responsibility to provide any truth-in-lending disclosures, any other truth-in-lending documents, or any other documents required by any regulations that apply to this transaction. The lender is responsible for providing those documents, and no charge may be made for providing them.
Please sign below to acknowledge that you have been advised of my representation of the [lender/title company] and that you understand that I am not your attorney.
Sincerely yours,
[Name of attorney]
Buyer:
[Name of buyer]
Date:
Seller:
[Name of seller]
Date: