Section R51-5-7 - Loan Closing(1) The Commissioner shall sign loans that have been approved by the Executive Committee and make the final obligation of funds by signing the Rural Rehabilitation Obligation to Purchase form.(2) Loan staff shall prepare loan documents and an instruction letter for the title company closing; including a signed warrant request to disburse funds.(3) The borrower may proceed with the closing at the title company.(4) Neither the state, the department, nor the Board have any obligation to disburse funds before the completion of the procedures described in Rule R51-5.(5) The borrower shall be required to cover any costs incurred for loan closing including escrow fees, title insurance, recording fees, and appraisal when necessary.Adopted by Utah State Bulletin Number 2018-11, effective 5/2/2018Amended by Utah State Bulletin Number 2022-04, effective 2/1/2022