source:
  type: regulation
  id: respa-12usc-2603
  authority: RESPA (Real Estate Settlement Procedures Act, 12 U.S.C.) § 2603 — Uniform settlement statement
  description: 'RESPA (Real Estate Settlement Procedures Act, 12 U.S.C.), §2603 Uniform settlement statement. Captured
    section-complete from Cornell LII (verbatim).

    '
obligations:
- id: respa-12usc-2603-a
  canonical_id: respa-12usc-2603-a
  section: 12 U.S.C. §2603(a)
  description: 'Uniform settlement statement — (a): (a) Disclosure for mortgage loan transactions The Bureau shall
    publish a single, integrated disclosure for mortgage loan transactions (including real estate settlement cost
    statements) which includes the disclosure requirements of this section and section 2604 of this title , in conjunction
    with the…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: RESPA (Real Estate Settlement Procedures Act, 12 U.S.C.) § 2603
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/12/2603
    snapshot_id: 8d1e886e8a5207df
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:941568c9176336cc851a5591e2f7db908e3c65a61e60272b1d039687e32ad5bc
    paragraph_quote: (a) Disclosure for mortgage loan transactions The Bureau shall publish a single, integrated
      disclosure for mortgage loan transactions (including real estate settlement cost statements) which includes
      the disclosure requirements of this section and section 2604 of this title , in conjunction with the disclosure
      requirements of the Truth in Lending Act [ 15 U.S.C. 1601 et seq.] that, taken together, may apply to a transaction
      that is subject to both or either provisions of law. The purpose of such model disclosure shall be to facilitate
      compliance with the disclosure requirements of this chapter [1] and the Truth in Lending Act , and to aid
      the borrower or lessee in understanding the transaction by utilizing readily understandable language to simplify
      the technical nature of the disclosures. Such forms shall conspicuously and clearly itemize all charges imposed
      upon the borrower and all charges imposed upon the seller in connection with the settlement and shall indicate
      whether any title insurance premium included in such charges covers or insures the lender’s interest in the
      property, the borrower’s interest, or both. The Bureau may, by regulation, permit the deletion from the forms
      prescribed under this section of items which are not, under local laws or customs, applicable in any locality,
      except that such regulation shall require that the numerical code prescribed by the Bureau be retained in
      forms to be used in all localities. Nothing in this section may be construed to require that that part of
      the standard forms which relates to the borrower’s transaction be furnished to the seller, or to require that
      that part of the standard forms which relates to the seller be furnished to the borrower.
    drafter_attestation: Verbatim slice of 12 U.S.C. §2603 subsection (a) from Cornell LII snapshot 8d1e886e8a5207df;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: respa-12usc-2603-b
  canonical_id: respa-12usc-2603-b
  section: 12 U.S.C. §2603(b)
  description: 'Uniform settlement statement — (b): (b) Availability for inspection; exceptions The forms prescribed
    under this section shall be completed and made available for inspection by the borrower at or before settlement
    by the person conducting the settlement, except that (1) the Bureau may exempt from the requirements of this
    section settle…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: RESPA (Real Estate Settlement Procedures Act, 12 U.S.C.) § 2603
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/12/2603
    snapshot_id: 8d1e886e8a5207df
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:941568c9176336cc851a5591e2f7db908e3c65a61e60272b1d039687e32ad5bc
    paragraph_quote: (b) Availability for inspection; exceptions The forms prescribed under this section shall be
      completed and made available for inspection by the borrower at or before settlement by the person conducting
      the settlement, except that (1) the Bureau may exempt from the requirements of this section settlements occurring
      in localities where the final settlement statement is not customarily provided at or before the date of settlement,
      or settlements where such requirements are impractical and (2) the borrower may, in accordance with regulations
      of the Bureau , waive his right to have the forms made available at such time. Upon the request of the borrower
      to inspect the forms prescribed under this section during the business day immediately preceding the day of
      settlement, the person who will conduct the settlement shall permit the borrower to inspect those items which
      are known to such person during such preceding day.
    drafter_attestation: Verbatim slice of 12 U.S.C. §2603 subsection (b) from Cornell LII snapshot 8d1e886e8a5207df;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: respa-12usc-2603-c
  canonical_id: respa-12usc-2603-c
  section: 12 U.S.C. §2603(c)
  description: 'Uniform settlement statement — (c): (c) Disclosure of fees The standard form described in subsection
    (a) may include, in the case of an appraisal coordinated by an appraisal management company (as such term is
    defined in section 3350(11) of this title ), a clear disclosure of— (1) the fee paid directly to the appraiser
    by such company…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: RESPA (Real Estate Settlement Procedures Act, 12 U.S.C.) § 2603
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/12/2603
    snapshot_id: 8d1e886e8a5207df
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:941568c9176336cc851a5591e2f7db908e3c65a61e60272b1d039687e32ad5bc
    paragraph_quote: (c) Disclosure of fees The standard form described in subsection (a) may include, in the case
      of an appraisal coordinated by an appraisal management company (as such term is defined in section 3350(11)
      of this title ), a clear disclosure of— (1) the fee paid directly to the appraiser by such company; and (2)
      the administration fee charged by such company.
    drafter_attestation: Verbatim slice of 12 U.S.C. §2603 subsection (c) from Cornell LII snapshot 8d1e886e8a5207df;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: respa-12usc-2603-d
  canonical_id: respa-12usc-2603-d
  section: 12 U.S.C. §2603(d)
  description: 'Uniform settlement statement — (d): (d) Disclosure for charitable mortgage loan transactions With
    respect to a mortgage loan transaction involving a residential mortgage loan offered at 0 percent interest with
    only bonafide and reasonable fees and that is primarily for charitable purposes, an organization described in
    section 501(c)(3…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: RESPA (Real Estate Settlement Procedures Act, 12 U.S.C.) § 2603
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/12/2603
    snapshot_id: 8d1e886e8a5207df
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:941568c9176336cc851a5591e2f7db908e3c65a61e60272b1d039687e32ad5bc
    paragraph_quote: (d) Disclosure for charitable mortgage loan transactions With respect to a mortgage loan transaction
      involving a residential mortgage loan offered at 0 percent interest with only bonafide and reasonable fees
      and that is primarily for charitable purposes, an organization described in section 501(c)(3) of title 26
      and exempt from taxation under section 501(a) of such title may use forms HUD–1 and GFE (as defined under
      section 1024.2(b) of title 12, Code of Federal Regulations) together with a disclosure substantially in the
      form of the Loan Model Form H–2 (as depicted in Appendix H to part 1026 of title 12, Code of Federal Regulations),
      collectively, in lieu of the disclosure published under subsection (a) of this section. ( Pub. L. 93–533,
      § 4 , Dec. 22, 1974 , 88 Stat. 1725 ; Pub. L. 94–205, § 3 , Jan. 2, 1976 , 89 Stat. 1157 ; Pub. L. 104–208,
      div. A, title II, § 2103(g)(1) , Sept. 30, 1996 , 110 Stat. 3009–401 ; Pub. L. 111–203, title X, § 1098(2)
      , title XIV, § 1475, July 21, 2010 , 124 Stat. 2103 , 2200; Pub. L. 116–342, § 2(b) , Jan. 13, 2021 , 134
      Stat. 5134 .) [1] See References in Text note below.
    drafter_attestation: Verbatim slice of 12 U.S.C. §2603 subsection (d) from Cornell LII snapshot 8d1e886e8a5207df;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
