Escrow & Title
In Oklahoma, the HUD-1 Settlement Statement has been replaced for most residential transactions by:
AThe Closing Disclosure (CD) required under TRID rules✓ Correct
BThe Oklahoma Uniform Settlement Form
CThe OREC Closing Summary
DNo standardized form — each title company uses its own
Explanation
Since October 2015, the TILA-RESPA Integrated Disclosure (TRID) rules replaced the HUD-1 Settlement Statement with the Closing Disclosure (CD) for most residential mortgage transactions.
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