Escrow & Title
What is a 'HUD-1 Settlement Statement' (now replaced by the Closing Disclosure under TRID)?
AA form still required for all Idaho transactions
BA standardized form that itemizes all charges and credits in a real estate closing✓ Correct
CA government form required only for FHA loans
DA disclosure about mold and radon
Explanation
The HUD-1 (now replaced by the Closing Disclosure for most transactions) was a standardized federal form itemizing all charges, credits, and disbursements in a real estate settlement. The Closing Disclosure is now used for most consumer mortgage transactions.
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