Legal Question in Real Estate Law in Illinois

Does RESPA or any other regulation require that a home seller be given a HUD-1 settlement statement prior to the closing by the settlement agent or the seller's attorney?


Asked on 3/27/15, 9:37 am

1 Answer from Attorneys

Thomas Moens Moens Law Offices, Chartered

It depends. Generally, the buyer and seller are to receive the settlement statement one day prior to closing. In practice, this is not always the case. From the way your question is worded, it may be that the closing agent delivered a copy to your attorney, but it would not be the duty of the closing agent to further ensure that your attorney got it to you. If you have questions, your first step should be to speak with your attorney about the transaction.

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Answered on 3/27/15, 10:43 am


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