Which of the following documents outlining all of the costs associated with closing on the sale of a home must the purchaser receive at least 1 business day prior to the closing?

Question

Quizplus · Accepted Answer

The uniform settlement statement must be provided to the purchaser at least 1 business day prior to closing and outlines all of the costs associated with closing on the sale of a home, including the loan terms, closing costs, and other financial details. The deed is the legal document transferring ownership of the property from the seller to the purchaser, but its delivery is not time-sensitive. A good-faith estimate is an estimate of the buyer's closing costs and is usually provided earlier in the process, and an abstract is a historical summary of the ownership and transfer of the property and is not directly related to the closing costs.

Which of the Following Documents Outlining All of the Costs