The Real Estate Settlement Procedures Act (RESPA)is a federal law that requires federally chartered or insured lenders to provide buyers and sellers with information on all settlement costs.According to RESPA,loan closing information must be prepared on a special form known as the:

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RESPA requires the loan closing information to be prepared on a special form known as the Uniform Settlement Statement or HUD-1 form. This form itemizes all the costs associated with the loan closing, including the fees charged by the lender, title company, and other third parties involved in the transaction. The form is designed to help buyers and sellers compare the settlement costs to the good-faith estimate of settlement costs provided by the lender at the beginning of the loan application process.

The Real Estate Settlement Procedures Act (RESPA)is a Federal Law