| Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party’s claims. |
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Delaware |
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means an in-person, face-to-face meeting with the homeowner to complete final documents incident to the sale or transfer of real property, or the creation of a mortgage or equitable interest in real property, conducted by a settlement agent who is not employed by, or an affiliate of, the foreclosure purchaser, during which the homeowner must be presented with a completed copy of the HUD-1 Settlement form Delaware Code Title 6 Sec. 2402B |
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Hawaii |
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means an agreement for repurchase or replacement of a motor vehicle entered into between a manufacturer and a consumer that occurs after a dispute is submitted to an informal dispute resolution procedure or arbitration program or after a dispute is approved for arbitration under § 481I-4 Hawaii Revised Statutes 481I-2 |
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Maine |
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means the receipt of loan funds, loan documents or other documents or funds to carry out the contractual terms of a residential real estate transaction Maine Revised Statutes Title 10 Sec. 1400-A |
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means the time when the settlement agent has received the loan funds, loan documents and other documents and funds to carry out the terms of the contract between the parties and the settlement agent reasonably determines that all conditions for disbursement of the settlement proceeds as required by applicable law or such contracts have been satisfied Maine Revised Statutes Title 33 Sec. 522 |
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Michigan |
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means an agreement, stipulation, consent order, waiver, default, or other method of settlement of a complaint that is agreed to by the parties and the department Michigan Laws 338.3611 |
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means the place where a person last continuously lived, for 1 year, without receiving public relief or assistance Michigan Laws 401.1 |
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means , in reference to a decedent’s estate, the full process of administration, distribution, and closing Michigan Laws 700.1107 |
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North Carolina |
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means the time when the settlement agent has received the duly executed deed, deed of trust or mortgage, and other loan documents and funds required to carry out the terms of the contracts between the parties North Carolina General Statutes 45A-3 |
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Tennessee |
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means an agreement reached between a plan participant and the plan, or between the plan participant and a third-party tortfeasor or the third-party insurer, or both Tennessee Code 8-27-901 |
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means the time when the settlement agent has received the duly executed deed, loan funds, loan documents, and other documents and funds required to carry out the terms of the contract between the parties, and the settlement agent reasonably determines that prerecordation conditions of such contracts have been satisfied Tennessee Code 47-32-102 |
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Utah |
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means the time at which each of the following is complete:
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the borrower and, if applicable, the seller sign and deliver to each other or to the escrow or closing office each document required by:
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the real estate purchase contract; |
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the title insurance company; |
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the escrow or closing office; |
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the written escrow instructions; or |
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the borrower delivers to the seller, if applicable, or to the escrow or closing office any money, except for the proceeds of any new loan, that the borrower is required to pay; and |
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if applicable, the seller delivers to the buyer or to the escrow or closing office any money that the seller is required to pay Utah Code 61-2c-102 |
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Vermont |
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means the time when the settlement agent has received the loan funds, loan documents, and other documents and funds to carry out the terms of the contract between the parties, and the settlement agent reasonably determines that all conditions of such contracts have been satisfied |
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Virginia |
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means the time when the settlement agent has received the duly executed deed, loan funds, loan documents, and other documents and funds required to carry out the terms of the contract between the parties and the settlement agent reasonably determines that prerecordation conditions of such contracts have been satisfied Virginia Code 55.1-900 |
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