Escrow & Title
The HUD-1 Settlement Statement has been replaced for most residential mortgage transactions by the:
ARESPA Statement
BClosing Disclosure (CD)✓ Correct
CTruth in Lending Disclosure
DGood Faith Estimate
Explanation
The Closing Disclosure (CD) replaced the HUD-1 Settlement Statement for most residential mortgage transactions effective October 3, 2015, under the TRID (TILA-RESPA Integrated Disclosure) rules.
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