Settlement/Closing Disclosure Statement

Settlement/Closing Disclosure Statement

Except as provided below in connection with certain Servicing transactions, the Settlement/Closing Disclosure Statement means the closing disclosure required under the federal Truth-in-Lending Act ("TILA") for Mortgages subject to the TILA/RESPA Integrated Disclosure ("TRID") rules, whether or not the TRID rules apply to the transaction. With respect to an all-cash short sale or other Servicing transactions for which no settlement and/or closing disclosure is required by applicable law, the term Settlement/Closing Disclosure Statement means: (i) a closing disclosure under the TRID rules, or (ii) any other settlement statement or closing disclosure that the Servicer determines would have otherwise been required by applicable State or local law should the TILA disclosure not be required.