Approximate dollar amounts (or a range of amounts) of all the charges, costs, and fees a prospective home owner will have to pay at signing off (closing) the mortgage loan agreement on a particular property. These expenses include sales commissions or brokerages, appraisal fees, inspection fees, loan origination fees, and title search fees. Under the federal Real Estate Settlement Procedures Act (RESPA), the mortgage lenders are required to give this document to the borrower within three days of the loan application (assuming the application is approved). If a mortgage broker is involved, this estimate is provided through the broker, but the lender remains obligated for ensuring its delivery to the borrower. As its name indicates, it is an estimate only and the lender incurs no legal penalties for inaccuracies or the difference between its total and the actual total amount.