Law Dictionary

HUD-1 settlement statement

noun \ ˈhəd-ˈwən- \

legal Definition of HUD-1 settlement statement

:a form signed at closing that sets out expenses, disbursements, and adjustments relating to the purchase of real property

Origin and Etymology of hud-1 settlement statement

Department of Housing and Urban Development (which publishes the form) + 1 (indicating its place in a sequence of such forms)


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