Which of the following is a document required by RESPA?

The correct answer is the Closing Disclosure. This document is a critical requirement under the Real Estate Settlement Procedures Act (RESPA). The Closing Disclosure is given to borrowers three days before closing and serves to provide a clear summary of the loan terms, transaction details, and the costs associated with the closing process. Understanding this document is vital for borrowers as it helps them to compare the final terms and costs to what was previously disclosed in the Loan Estimate.

In the context of RESPA, the Closing Disclosure aims to promote transparency in the home buying process and ensure that borrowers are informed and prepared for their financial obligations. It helps prevent unexpected charges and promotes informed decision-making.

While other documents like the title report, loan application, and annual disclosure may be relevant in the home buying process, they are not specifically mandated for disclosure under RESPA in the same way that the Closing Disclosure is. Therefore, it is important to identify the Closing Disclosure as a key component of compliance with RESPA regulations.