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1 or HUD1A Settlement Statement is prepared by a creditor or, more typically, by the settlement agent who conducts the closing on the creditor's behalf.

1 form, also called a HUD1 Settlement Statement, is a standardized mortgage lending document. Creditors or their closing agents use this form to create an itemized list of all charges and credits to the buyer and to the seller in a consumer credit mortgage transaction.

Mortgage loan settlement statements, used in real estate transactions, are often referred to as closing statements. Settlement statements may also be used to document large business transactions, insurance claims, or financial market trades.

The HUD-1 Settlement Statement is a document that lists all charges and credits to the buyer and to the seller in a real estate settlement, or all the charges in a mortgage refinance. If you applied for a mortgage on or before October 3, 2015, or if you are applying for a reverse mortgage, you receive a HUD-1.

The settlement statement, also known as the closing statement, is a legal document that outlines what a buyer needs to pay to the seller or vendor on settlement. The statement also has a good faith estimate.

The Closing Disclosure combines and replaces the HUD-1 Settlement Statement and the final Truth-in-Lending (TIL) statement. The form mirrors the information provided on the Loan Estimate.

A settlement statement provides a breakdown of all the closing costs and credits involved in a real estate transaction or refinance.

In contrast, lenders must give you a closing disclosure at least three business days before closing. If you are taking out a HELOC, reverse mortgage or manufactured home loan and will be receiving a HUD-1 statement, you should ask your lender for the document at least a day before closing.

1 or HUD1A Settlement Statement is prepared by a creditor or, more typically, by the settlement agent who conducts the closing on the creditor's behalf.

The HUD-1 Settlement Statement is a document that lists all charges and credits to the buyer and to the seller in a real estate settlement, or all the charges in a mortgage refinance. If you applied for a mortgage on or before October 3, 2015, or if you are applying for a reverse mortgage, you receive a HUD-1.