Escrow & Title
The HUD-1 Settlement Statement has been replaced in most Colorado real estate transactions by:
AThe TILA disclosure
BThe Closing Disclosure (CD)✓ Correct
CThe Good Faith Estimate
DThe Loan Estimate
Explanation
Since October 2015, the Closing Disclosure (CD) replaced the HUD-1 Settlement Statement for most residential mortgage transactions regulated by TRID. The CD must be provided to borrowers at least 3 business days before closing.
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