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

History and Etymology for 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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Cite this Entry

“HUD-1 settlement statement.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/HUD-1%20settlement%20statement. Accessed 27 Jan. 2021.

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