The requirement that a lender use the settlement statement form for certain government-related loans is a requirement of

The requirement that a lender use the settlement statement form for certain government-related loans stems from the Real Estate Settlement Procedures Act (RESPA). This act was designed to help consumers understand the costs associated with buying or refinancing a home. It mandates that borrowers receive a good faith estimate of settlement costs and a detailed settlement statement at closing.

RESPA's regulations specifically apply to federally-related mortgage loans, ensuring transparency and preventing practices such as kickbacks in real estate transactions. By requiring the use of the settlement statement, RESPA aims to provide clarity about the fees and costs involved in the loan process, allowing borrowers to make informed decisions regarding their financial obligations.

Other options relate to different areas of law or regulation. IRS regulations are concerned with tax laws and financial reporting, while Truth-in-Lending focuses on disclosure of the terms of credit, including interest rates and payments, but does not impose the settlement statement requirement. Federal Housing Administration (FHA) regulations pertain to specific types of government-backed loans but do not govern the standardizing of settlement documents like the RESPA does. Thus, the correct answer is clearly tied to RESPA.