A Typical RESPA Closing Statement Has Which of the Following

question 13

Multiple Choice

A typical RESPA closing statement has which of the following characteristics?

• A) 2columns - Summary of borrower's and seller's transactions
• B) 2columns - Summary of borrower's and broker's transactions
• C) 3columns - Summary of borrower's,seller's,and broker's transactions.
• D) 3columns - Summary of borrowers,seller's,and lender's transactions.

---

Definitions:

Paragraph Style

Predefined formatting attributes applied to paragraphs within a document to ensure consistent appearance of text.

Page Border

A decorative or functional border added to the outer edge of a page in a document for aesthetic or organizational purposes.

Font Size

A measurement that determines the height of characters in typesetting, typically measured in points (pt).

Increase Font Size

The action of making the text characters in a document or application larger for better readability.