Settlement Statement - Definition - Law Dictionary Home Dictionary Definition settlement-statement
Definition :
settlement statement
a document required by the Real Estate Settlement Procedures Act (RESPA). It is an itemized statement of services and charges relating to the closing of a property transfer. The buyer has the right to examine the settlement statement 1 day before the closing. This is called the HUD 1 Settlement Statement.
Source: U.S. Department of Housing and Urban Development
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