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RESCINDED Consumer Affairs Laws and Regulations Section 1320 This document and any attachments are superseded by Comptroller's Handbook — Consumer Compliance — Real Estate Settlement Procedures.

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What is real estate settlement procedures?

Real estate settlement procedures refer to the process of finalizing a real estate transaction, including the exchange of funds, documents, and ownership of the property.

Who is required to file real estate settlement procedures?

The party responsible for filing real estate settlement procedures is typically the closing agent or settlement agent involved in the transaction.

How to fill out real estate settlement procedures?

To fill out real estate settlement procedures, the closing agent must accurately document all financial transactions, property information, and parties involved in the real estate closing.

What is the purpose of real estate settlement procedures?

The purpose of real estate settlement procedures is to ensure that all aspects of a real estate transaction are properly documented and legally binding.

What information must be reported on real estate settlement procedures?

Real estate settlement procedures must include details such as the property address, purchase price, closing costs, loan information, and any applicable taxes or fees.

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