Home Improvement Closing Certificate
Basic Information
Owner[s]:
Contractor:
Closing Date:
Property: [address]
1.[I am/We are] the only Owner[s] of the Property.
2.[I/We] have made written application for an extension of credit for construction of improvements to the Property. The amount of the loan is intended to be used for the purpose indicated in the mechanic’s lien contract of even date between [me/us] and Contractor.
3.[I/We] have not executed any contract for work or materials with the Contractor before the fifth day after the above-mentioned application for an extension of credit or before today’s closing.
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The closing must occur at the office of the lender, an attorney at law, or a title company. |
4.This transaction is being closed at the following office: [name and address].
5.At closing, [I/we] received two copies of the notice of right to cancel. [I/We] understand that [I/we] can cancel or rescind this contract and any other contract for the contemplated construction at any time within three days after the signing of the contract by all parties, without penalty or charge of any kind whatever.
6.[I/We] received the residential construction contract disclosure statement at least one business day before the Closing Date.
7.[I/We] have received all of the documents related to the closing of the loan for the construction of improvements by Contractor on the Property at least one business day before the Closing Date.
8.As of this date, none of the improvements to be constructed are now located on the Property and no construction has commenced, nor have any materials or supplies been delivered to the Property to be used in the construction of the improvements to the Property.
9.[I am/We are] signing this certificate at the same time as [I am/we are] signing the mechanic’s lien contract and mechanic’s lien note and documents related to construction of the improvements by Contractor on the Property.
Owner
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Repeat signature line as needed. |