Respuesta :
A popular record prescribed by means of the Real Estate Settlement Procedures Act containing statistics for closing which have to be furnished to each buyer and seller.
When need to a uniform agreement assertion be used?
Recently, this form was updated with the intent of helping possible homebuyers in completely appreciation their costs. The HUD-1 should be used in any transaction where a federally regulated loan is involved.
When must a lender use HUD's Form 1 Uniform Settlement Statement?
The HUD-1 Settlement Statement is a document that lists all fees and credit to the customer and to the vendor in a real estate settlement, or all the prices in a loan refinance. If you utilized for a loan on or before October 3, 2015, or if you are applying for a reverse mortgage, you receive a HUD-1.
Learn more about uniform settlement act here:
