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Using the New HUD Settlement Statement

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Question: 
Is the new HUD settlement statement to be used in all real estate transactions, or only RESPA-related transactions with a GFE?
Answer: 

The GFE and the HUD Settlement statements are requirements of RESPA. If the loan is not subject to RESPA, then neither form is required.

First published on BankersOnline.com 5/31/10

First published on 05/31/2010

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