Escrow & Title
A 'HUD-1 Settlement Statement' has been replaced for most transactions by which document?
AA. The Loan Estimate and Closing Disclosure (TRID forms)✓ Correct
BB. The RESPA Disclosure Statement
CC. The GAR Closing Worksheet
DD. The Uniform Residential Loan Application
Explanation
The TILA-RESPA Integrated Disclosure (TRID) rules replaced the HUD-1 Settlement Statement for most residential mortgage closings. The Closing Disclosure is provided 3 business days before closing.
Related Georgia Escrow & Title Questions
- The Georgia Transfer Tax is paid at the rate of $1 per $1,000 of consideration on the first $100,000, then $1.10 per $1,000 above $100,000. Who typically pays this tax in Georgia?
- In a Georgia real estate transaction, the transfer tax (intangible tax on the security deed) is paid by the:
- Which of the following is NOT typically included in the chain of title?
- Under Georgia law, which instrument is used to convey title from a deceased person's estate to a beneficiary?
- A general warranty deed in Georgia provides which of the following covenants?
- A warranty deed in Georgia provides the grantee with which covenants?
- The Georgia Security Deed (also called a Deed to Secure Debt) differs from a mortgage because:
- The HUD-1 Settlement Statement has been replaced for most mortgage transactions by:
Practice More Georgia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Georgia Quiz →