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Which of the following would not be included in closing costs?
State Law
State law consists of the laws and regulations enacted by the legislative bodies or established by the courts of a specific state.
Liability
Liability refers to the legal responsibility for one's actions or omissions, which may result in being required to compensate for damage or harm caused.
Security
A financial instrument that represents an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.
Business License
Official permission from a governmental authority allowing individuals or companies to conduct business within a certain jurisdiction.
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