Are CPL fees that have been filed by the title insurer required to be disclosed on the HUD-1 Settlement Statement?
In certain transactions, the Real Estate Settlement Procedures Act (“RESPA”), specifically, Section 3500.8, requires that the HUD-1 and HUD-1A settlement statements must be completed by the person conducting the closing and must conspicuously and clearly itemize all charges related to the transaction. If a charge is made for a CPL, it should be disclosed on the relevant settlement statement. If no charge is made, the settlement statement should reflect that a CPL was provided at no charge.
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