HUD-1 Settlement Statement Instructions

Form Number: Instructions

Form Description:

The following are instructions for completing Sections A through L of the HUD - 1 settlement statement, required under Section 4 of RESPA and Regulation X of the Department of Housing and Urban Development (24 CFR part 3500). This form is to be used as a statement of actual charges and adjustments to be given to the parties in
connection with the settlement. The instructions for completion of the HUD - 1 are primarily for the benefit of the settlement agents who prepare the statements and need not be transmitted to the parties as an integral part of the HUD - 1. There is no objection to the use of the HUD - 1 in transaction in which its use is not legally required. Refer to the definitions section of Regulation X for specific definitions of many of the terms, whichare used in these instructions.