The correct answer to this is the:
“SECTION 1”
The Section 1 generally includes the Closing Information, Transaction Information, and the Loan Information of the loan regarding the loan term.
Closing information - Includes date issued, closing date, property address, and sale price
Transaction information - Includes names and addresses of the borrower’s and the lender's name
Loan information - Includes the loan term, purpose of the loan, product type, loan type and loan ID number