Contact Us
Subscribe to this blog via RSS
Join us on LinkedInCategories
- Kentucky Consumer Protection Act
- Judgment creditors
- Fractional Investment
- Section 1031 transactions
- Investment
- U.S. Supreme Court
- Arbitration
- Breach
- Closing
- Closing Disclosure
- Good Faith Estimate
- HUD-1 Settlement Statement
- Kentucky minimum wage
- Lenders
- Minimum wage
- Truth in Lending Act
- “Know Before You Owe”
- Condemnation
- Dodd-Frank Act
- Home Equity Conversion Mortgages (HECMs)
- Mortgage
- Planning and Zoning
- Real Estate Law
- Reverse mortgages
- Zoning Regulations
- Affordable Housing
- Commercial Real Estate
- Economic Development
- Homeowners Association
- Land Use Law
- Landlord
- Lease
- Property Titling
- Purchase Contract
- Rescission
- Same-Sex Couples
- Tenant
- URLTA
- Agritourism
- Deed
- Drones
- Land Surveys
- LBAR
- National Association of Realtors (NAR)
- Overlay Zoning
- Plat
- Property Lines
- Property Survey
- Real Estate Agents
- Rural Areas
- Trulia
- Uncategorized
- Zillow
- Benningfield v. Zinmeister
- Boards of Adjustment
- Building Inspection
- Co-Signing
- Code Enforcement
- Commercial Lease
- Conditional uses
- Condominium
- Deeds
- Dog owners
- Emergency Preparedness
- Emotional Support Animals
- ESIGN
- Exclusive Use Clause
- Federal Housing Administration (FHA)
- Horizontal Property Law
- Inspection
- Insurance Companies
- Insured
- Kentucky Condominium Act
- KRS 383.500
- KRS §258.235(4)
- KRS §383.580
- Loans
- Multi-unit properties
- Natural Disasters
- Occupancy Fraud
- Screening
- Security Deposit
- Servicers
- Steenrod v. Louisville Yacht Club Association
- Title Insurance Policies
- U.S. Department of Housing and Urban Development
- Variances
- Zoning Ordinance Text Amendment
- "Right-of-Way Agents"
- Bluegrass Pipeline
- Boilerplate Language
- Conservation Easement
- Consumer Financial Protection Bureau (“CFPB”)
- Credit Report
- Credit Score
- Easement
- Eminent Domain
- FICO
- General Forms
- Homebuyers
- Kentucky landowners
- Power of Attorney ("POA")
- The Loan Estimate form
- Truth in Lending Statement
Showing 2 posts in HUD-1 Settlement Statement.
The New TILA-RESPA Integrated Disclosure Requirements
Farewell, HUD-1, we hardly knew ye. As of October 3rd, 2015, lenders will provide two integrated forms at specified intervals surrounding the closing date to comply with the provisions of both the Truth in Lending Act (“TILA”) and the Real Estate Settlement Procedures Act of 1974 (“RESPA”). The new forms are the result of provisions from Sections 1098 and 1100A of the Dodd-Frank Act meant to combine and simplify existing documents to make them easier for mortgagors to understand. More >
A New Beginning for Closings
Currently, under federal law, within three business days after receiving an application, mortgage lenders must deliver two different disclosures to the applicants: an early Truth in Lending Statement and a Good Faith Estimate. At closing, two more disclosures are required: a final Truth in Lending Statement and a HUD-1 settlement statement. Starting Aug. 1, 2015, that long-established process will change. The forms will be reduced to two and simplified so that consumers will be able to mortgage shop more easily and understand their mortgage terms and costs more thoroughly. More >
