Indemnity & Deposit Agreement

I encountered this document in a CEMA Refinance package and I am a bit confused with the wording.

Is borrower is signing as the Depositor? If so, is the borrower also identified as the buyer in this transaction?

Thanks ahead of time for your guidance!

In this transaction it should have been the buyer signing the document. This is used when the title company or settlement person is paying for things in their name. But it also protects the person making the transaction if something goes wrong. They are basically saying I will be the agency to make these payments in your name but if anything backfires, I will not be held liable for it. (In a nutshell) hope this. helps.