Escrow & Title
The HUD-1 Settlement Statement has been replaced in most Utah residential transactions by:
AThe Closing Disclosure (CD) required under TRID✓ Correct
BThe Utah Standardized Closing Summary
CThe RESPA Uniform Settlement Statement Version 3
DThe Division of Real Estate Closing Form
Explanation
Under TRID (TILA-RESPA Integrated Disclosure) rules, the Closing Disclosure replaced the HUD-1 Settlement Statement for most consumer mortgage transactions closed after October 2015.
Related Utah Escrow & Title Questions
- In Utah, the escrow closer must disburse funds and record documents:
- Recording a deed in Utah's county recorder's office provides:
- Title insurance in Utah is regulated by:
- RESPA (Real Estate Settlement Procedures Act) requires that buyers receive a Closing Disclosure:
- In Utah, who customarily pays for the lender's title insurance policy?
- In Utah, escrow is typically handled by:
- In a Utah real estate transaction, the title company or escrow company primarily acts as:
- A satisfaction of mortgage (reconveyance in a deed of trust) is recorded when:
Practice More Utah Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Utah Quiz →