HUD-1 Settlement Statement (historically)
E618774
The HUD-1 Settlement Statement was a standardized closing form used in U.S. real estate transactions to itemize all charges and credits to buyers and sellers before it was largely replaced by newer disclosure forms.
All labels observed (1)
| Label | Occurrences |
|---|---|
| HUD-1 Settlement Statement (historically) canonical | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T6772707 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: HUD-1 Settlement Statement (historically) Context triple: [Real Estate Settlement Procedures Act, requires, HUD-1 Settlement Statement (historically)]
-
A.
Real Estate Settlement Procedures Act
The Real Estate Settlement Procedures Act is a U.S. federal law that protects homebuyers by requiring transparency and prohibiting abusive practices in real estate settlement and mortgage lending.
-
B.
Home Mortgage Disclosure Act
The Home Mortgage Disclosure Act is a U.S. federal law that requires financial institutions to publicly report data on home mortgage lending to help identify discriminatory lending patterns and ensure fair access to credit.
-
C.
DEED
DEED is the state agency responsible for overseeing public education and early childhood learning programs in Alaska.
-
D.
Sasine Register
The Sasine Register is Scotland’s historic public record of property ownership and land transactions, maintained in a deeds-based system prior to the modern map-based land register.
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E.
HUD 4000.1 Single Family Housing Policy Handbook
The HUD 4000.1 Single Family Housing Policy Handbook is the U.S. Department of Housing and Urban Development’s comprehensive, consolidated guide outlining policies and requirements for FHA single-family mortgage insurance programs.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: HUD-1 Settlement Statement (historically) Target entity description: The HUD-1 Settlement Statement was a standardized closing form used in U.S. real estate transactions to itemize all charges and credits to buyers and sellers before it was largely replaced by newer disclosure forms.
-
A.
Real Estate Settlement Procedures Act
The Real Estate Settlement Procedures Act is a U.S. federal law that protects homebuyers by requiring transparency and prohibiting abusive practices in real estate settlement and mortgage lending.
-
B.
Home Mortgage Disclosure Act
The Home Mortgage Disclosure Act is a U.S. federal law that requires financial institutions to publicly report data on home mortgage lending to help identify discriminatory lending patterns and ensure fair access to credit.
-
C.
DEED
DEED is the state agency responsible for overseeing public education and early childhood learning programs in Alaska.
-
D.
Sasine Register
The Sasine Register is Scotland’s historic public record of property ownership and land transactions, maintained in a deeds-based system prior to the modern map-based land register.
-
E.
HUD 4000.1 Single Family Housing Policy Handbook
The HUD 4000.1 Single Family Housing Policy Handbook is the U.S. Department of Housing and Urban Development’s comprehensive, consolidated guide outlining policies and requirements for FHA single-family mortgage insurance programs.
- F. None of above. chosen
Statements (65)
| Predicate | Object |
|---|---|
| instanceOf |
real estate closing document
ⓘ
standardized settlement statement ⓘ |
| abbreviation | HUD-1 NERFINISHED ⓘ |
| appliesTo | federally related mortgage loans ⓘ |
| beneficiary |
borrower
ⓘ
regulators ⓘ seller ⓘ |
| comparisonFunction | allows comparison of GFE estimates to actual charges ⓘ |
| countryOfUse |
United States of America
ⓘ
surface form:
United States
|
| dataType | tabular financial disclosure ⓘ |
| format | standardized federal form ⓘ |
| governingAgency | U.S. Department of Housing and Urban Development NERFINISHED ⓘ |
| hasField |
appraisal fee
ⓘ
broker commissions ⓘ cash from borrower ⓘ cash to seller ⓘ contract sales price ⓘ credit report fee ⓘ deposit or earnest money ⓘ escrow deposits ⓘ hazard insurance premiums ⓘ loan amount ⓘ loan origination charges ⓘ points paid to lender ⓘ prepaid interest ⓘ property taxes ⓘ recording fees ⓘ seller concessions ⓘ title insurance premium ⓘ title search fee ⓘ total settlement charges to borrower ⓘ total settlement charges to seller ⓘ transfer taxes ⓘ |
| hasSection |
comparison of Good Faith Estimate and HUD-1 charges
ⓘ
itemization of settlement charges ⓘ summary of borrower and seller transaction ⓘ |
| historicalRole | primary settlement statement for U.S. residential closings before TRID ⓘ |
| industryRole | standard accounting of closing funds ⓘ |
| largelyReplacedEffectiveDate | October 3, 2015 ⓘ |
| legalBasis | Real Estate Settlement Procedures Act NERFINISHED ⓘ |
| legalBasisAbbreviation | RESPA NERFINISHED ⓘ |
| purpose |
facilitate comparison of estimated and final closing costs
ⓘ
itemize all charges and credits to buyer and seller at closing ⓘ provide a standardized format for settlement cost disclosure ⓘ |
| regulator | U.S. Department of Housing and Urban Development NERFINISHED ⓘ |
| relatedDocument | Good Faith Estimate ⓘ |
| relatedDocumentAbbreviation | GFE ⓘ |
| requiredDeliveryTiming | at or before settlement ⓘ |
| sectionCount | 3 main pages ⓘ |
| statusAfterTRID | required only for certain transactions not covered by TRID ⓘ |
| stillUsedFor |
certain home equity lines of credit
ⓘ
reverse mortgages ⓘ some cash-only transactions ⓘ |
| supersededBy |
Closing Disclosure
NERFINISHED
ⓘ
Loan Estimate NERFINISHED ⓘ |
| supersededByRegime | TILA-RESPA Integrated Disclosure rule NERFINISHED ⓘ |
| supersededByRegimeAbbreviation | TRID ⓘ |
| supersedingAgency | Consumer Financial Protection Bureau NERFINISHED ⓘ |
| supersedingAgencyAbbreviation | CFPB NERFINISHED ⓘ |
| usedIn |
HELOC transactions
ⓘ
mortgage loan closings ⓘ real estate transactions ⓘ refinance transactions ⓘ residential real estate closings ⓘ reverse mortgage transactions ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: HUD-1 Settlement Statement (historically) Description of subject: The HUD-1 Settlement Statement was a standardized closing form used in U.S. real estate transactions to itemize all charges and credits to buyers and sellers before it was largely replaced by newer disclosure forms.
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.