A form that lists all charges imposed on the borrower and the seller in connection with a home mortgage loan settlement. The real estate settlement procedures act requires that the lender make the statement available to the buyer and seller at the time of settlement.... read full article
A standard document prescribed by the Real Estate Settlement Procedures Act containing information for closing which must be supplied to both buyer and seller.
The standard HUD Form 1 required to be given to the borrower, lender and seller at or before settlement by the settlement agent in a transaction covered under the Real Estate Settlement Procedures Act. The lender must retain its copy for at least two years.
The Standard HUD Form 1 required to be given to the seller, lender and borrower at, or prior to, settlement.
Settlement summary form required by RESPA to be used by closing agents.
The standard HUD Form 1 required to be given to the borrower, lender and seller at, or prior to, settlement.
Provides an itemization of both the seller's and borrower's costs for closing the loan.
Form prescribed by the Real Estate Settlement Procedures Act for Federally Related Mortgages and must be prepared at the Closing of Title and must contain certain relevant closing information. Both buyer and seller are given copies.
Is provided to the borrower upon the closing of the loan and sets forth the final settlement charges paid both to and by the borrower.
A standard document prescribed by the Real Estate Settlement Procedures Act disclosing all costs paid in connection with the settlement of a real estate transaction. Also called a HUD-1.