Escrow & Title
In Washington, a 'settlement statement' provided at closing (previously HUD-1, now Closing Disclosure for TRID loans) shows:
AOnly the buyer's costs
BAll financial details of the transaction including credits, debits, and how funds flow between all parties✓ Correct
COnly the seller's net proceeds
DOnly the lender's fees
Explanation
The Closing Disclosure (or settlement statement for non-TRID loans) provides a complete accounting of all financial items in the transaction — the buyer's and seller's credits and debits, loan costs, prorations, and how funds will be disbursed at closing.
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