Which form details all charges typically paid by the borrower and seller during a settlement?

The Closing Disclosure is the correct choice because it is a standardized form that provides a comprehensive breakdown of all the charges and fees associated with a real estate transaction. Specifically, it includes detailed information about the closing costs the borrower is responsible for, as well as the seller's costs. This form is required by the Truth in Lending Act and the Real Estate Settlement Procedures Act, ensuring transparency in the financial aspects of the transaction.

The Closing Disclosure is presented to borrowers at least three days prior to closing, allowing them to review all financial obligations and understand how much money they need to bring to the settlement, along with other critical details like loan terms, projected payments, and cash to close.

Other options, while related, do not provide the same detailed overview. The Closing Statement, for example, often refers to a summary of the financial transactions but may not be as detailed or standardized as the Closing Disclosure. The Settlement Agreement typically outlines the terms and conditions of the sale rather than itemizing specific charges. Final Accounting might be used to describe a concluding financial summary but does not have the same regulatory requirements and standardized format as the Closing Disclosure.