<P> While both the HUD - 1 and HUD - 1A serve to disclose all fees, costs and charges to both the buyer and seller involved in a real estate transaction, it is not uncommon to find mistakes on the HUD . Both buyer and seller should know how to properly read a HUD before closing a transaction and at settlement is not the ideal time to discover unnecessary charges and / or exorbitant fees as the transaction is about to be closed . Buyers or sellers can hire an experienced professional such as a real estate agent or an attorney to protect their interests at closing . </P> <Ol> <Li> Jump up ^ "Regulation X Real Estate Settlement Procedures Act" (PDF). CFPB Consumer Laws and Regulations . Consumer Financial Protection Bureau . March 2015 . Retrieved 18 May 2016 . This article incorporates text from this source, which is in the public domain . </Li> <Li> Jump up ^ "Recent Changes to the Law Governing Qualified Written Requests". Retrieved 2016 - 04 - 13 . </Li> <Li> Jump up ^ 12 USC 2605 (f) </Li> </Ol> <Li> Jump up ^ "Regulation X Real Estate Settlement Procedures Act" (PDF). CFPB Consumer Laws and Regulations . Consumer Financial Protection Bureau . March 2015 . Retrieved 18 May 2016 . This article incorporates text from this source, which is in the public domain . </Li> <Li> Jump up ^ "Recent Changes to the Law Governing Qualified Written Requests". Retrieved 2016 - 04 - 13 . </Li>

Which of the following is not required by the real estate settlement procedures act