What action is defined as "debit buyer" in a settlement statement?

A "debit buyer" on a settlement statement refers specifically to amounts that are charged to the buyer during the closing process, which usually includes various closing costs. In a settlement statement, these costs are documented for clarity and transparency in the transaction.

When it comes to the action of recording the deed, this involves the legal process of making the deed public, thereby establishing ownership of the property in the public record. While this is a necessary step in a real estate transaction, it is not tied directly to the financial charges that would appear as a debit on the buyer's side of the settlement statement. Instead, it is more about the legal aspect of property transfer rather than a financial charge that would impact the buyer's costs.

Conversely, options pertaining to receiving a loan or notarizing the deed, while related to the overall process of buying real estate, do not account for the specific financial implications reflected in a closing costs scenario. Thus, the most accurate definition of "debit buyer" aligns with the action of paying closing costs, as this is when the buyer incurs the charges.