are the instructions
to help you complete Sections A through L of the HUD-1
Settlement Statement and the HUD-1a,
HUD-1 is required under Section 4 of RESPA and Regulation X of the Department
of Housing and Urban Development (24 CFR part 3500).
HUD-1 is to be used as a statement of actual charges and adjustments to be given
to the parties in connection with the settlement. The instructions for
completion of the HUD-1 are primarily for the benefit of the settlement agents
who prepare the statements, and need not be transmitted to the parties
as an integral part of the HUD-1. There is no objection to the use of the HUD-1
in transactions in which its use is not legally required.
to the definitions section of Regulation X for specific definitions of many of
the terms which are used in these instructions.