Standardized ALTA Settlement Statements for title insurance and settlement companies to use to itemize all the fees and charges.
ALTA has developed standardized ALTA Settlement Statements for title insurance and settlement companies to use to itemize all the fees and charges that both the homebuyer and seller must pay during the settlement process of a housing transaction. Settlement statements are currently used in the marketplace in conjunction with the federal HUD-1. The ALTA Settlement Statement is not meant to replace the Consumer Financial Protection Bureau's Closing Disclosure, which goes into effect on Oct. 3, 2015. Four versions of the ALTA Settlement Statement are available:
Borrower/Buyer
ALTA Settlement Statement Borrower-Buyer .rtf (Word)
ALTA Settlement Statement Borrower-Buyer .xls (Excel)
ALTA Settlement Statement Borrower-Buyer .pdf (PDF)
Cash
ALTA Settlement Statement Cash .rtf (Word)
ALTA Settlement Statement Cash .xls (Excel)
ALTA Settlement Statement Cash .pdf (PDF)
Combined
ALTA Settlement Statement Combined .rtf (Word)
ALTA Settlement Statement Combined .xls (Excel)
ALTA Settlement Statement Combined .pdf (PDF)
Seller
ALTA Settlement Statement Seller .rtf (Word)
ALTA Settlement Statement Seller .xls (Excel)
ALTA Settlement Statement Seller .pdf (PDF)
This information is not a substitute for legal advice, is for your reference only, and is not intended to represent the only approach to any particular issue. This information should not be construed as legal, financial or business advice, and users should consult legal counsel and subject-matter experts to be sure that the policies adopted and implemented meet the requirements unique to your company. - See more at: http://www.alta.org/cfpb/documents.cfm
10/26/2015 3:57:56 PM