Which of the following items is not entered on the closing statement as a credit to the buyer?

Homeowner Association Fees are typically not entered as a credit to the buyer on the closing statement because they are usually considered an ongoing cost of property ownership that the buyer must pay after closing. Fees like these are often assessed periodically and do not act as a financial benefit that would reduce the buyer's closing costs.

In contrast, a mortgage taken out by the buyer represents funds that are being provided for the purchase, making it a credit on the closing statement. Prorated property taxes, unpaid interest, and paid rents can also serve as credits or adjustments that benefit the buyer at closing. Rental security deposits held by the seller are often transferred to the buyer as part of the sale and would also be credited appropriately.

Thus, homeowner association fees, being part of recurring costs and not direct credits, stand out as the correct answer.