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In this video tutorial, Tiffany Weber, a real estate lawyer in North Carolina, explains how to read a settlement statement, officially known as a closing disclosure, typically provided by lenders to borrowers for residential loans. This five-page document outlines essential information about the loan. The first page identifies the parties involved—the seller and buyer—as well as the property address. Weber encourages viewers to subscribe for more insightful content on the closing process. The terminology can vary, with some referring to the document as a settlement statement, but it fundamentally serves the same purpose as the closing disclosure.