MLchartDataset catalogue

HUD-1

Term · Law · MLC-T-LAW-002477

A standardized settlement statement form formerly used in the United States to itemize all charges and credits to the buyer and seller in a real estate transaction. It provided a clear breakdown of all costs associated with the closing, including loan fees, taxes, and insurance. This form was largely replaced by the Closing Disclosure form under the TILA-RESPA Integrated Disclosure (TRID) rule in 2015.

Table 1. Record
IdentifierMLC-T-LAW-002477
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002477",
  "term": "HUD-1",
  "field": "Law",
  "definition": "A standardized settlement statement form formerly used in the United States to itemize all charges and credits to the buyer and seller in a real estate transaction. It provided a clear breakdown of all costs associated with the closing, including loan fees, taxes, and insurance. This form was largely replaced by the Closing Disclosure form under the TILA-RESPA Integrated Disclosure (TRID) rule in 2015.",
  "url": "https://mlchart.com/terminology/law/hud-1/"
}

Record 2,397 of 5,445 in Law terminology (MLC-0107). Request the full dataset.