Mar 01 , 2016

Tampa School of Real Estate

Hud’s Settlement Cost Booklet

Definition:  A booklet containing consumer information regarding closing costs the borrower may incur at closing.  RESPA requires lenders to give the booklet to loan applicants.

Pronunciation:

Used in a Sentence:  We were given our settlement cost booklet before the closing so we knew what costs we could expect to pay.

H