Examples of Real Estate Settlement Procedures Act in a sentence
Seller and Xxxxx hereby agree to make all disclosures and to sign all documents necessary to allow full compliance with the provisions of the Real Estate Settlement Procedures Act of 1974, as amended, to comply with the disclosure requirements of the Illinois Real Estate Transfer Declaration, and to comply with the disclosure requirements of Internal Revenue Code Section 6045(e).
As required by the Real Estate Settlement Procedures Act of 1974, Purchaser acknowledges that Seller has not directly or indirectly required Purchaser, as a condition of sale, to purchase either a fee owner’s or mortgagee’s title insurance policy from any particular title company.
The Seller shall cooperate with the Purchaser by promptly supplying the information required to complete any disclosure or settlement statement required by law or reasonably requested by the Purchaser including information requested by the Purchaser pursuant to the Real Estate Settlement Procedures Act of 1974, which disclosures by the Seller shall form the basis for disclosures made by the Purchaser in a subsequent sale of the Property.