What does a HUD-1 Settlement Statement cover?
The HUD-1 Settlement Statement shows the actual settlement costs of the loan transaction. The form clearly shows all charges imposed on borrowers and sellers in connection with the settlement. RESPA allows the borrower to request to see the HUD-1 Settlement Statement one day before the actual settlement. The settlement agent must then provide the borrowers with a completed HUD-1 Settlement Statement based on information known to the agent at that time. Return to index . . .
Related Questions
- Does a loan originator have to show an appraisal fee (or other fee) paid to a third party on the GFE and HUD-1 even if the loan originator wants to cover 100% of the fee?
- Does the purchase of 100% hospital cover guarantee that I will not have any out-of-pocket expenses for a private hospital visit?
- What does a HUD-1 Settlement Statement cover?
