Decoding the Closing Disclosure Statement

4 CE (Education)

Effective October 3, The New Closing Disclosure Statement Will Replace The Current HUD-1 Settlement Statement. It Is Important You Become Familiar With The New Form Before Your Next Closing.

The CFPB created a replacement for the HUD-1 Settlement Statement known as the Closing Disclosure Statement. Receive an in-depth explanation and line-by-line examination of the new statement to ensure you have a clear understanding of common charges and why they are there. Learn the history of this new form and the source of all the figures, so you can explain things better to your clients.

Learning Objectives include:

  • Recognize the origin and history of the closing disclosure statement and its importance.
  • Answer questions posed by your clients about the statement.
  • Identify to origin and method of calculating each line of the statement.
  • Understand and explain the relationship between the closing disclosure statement and the purchase agreement.
  • Assist your clients in determining that the closing achieved what was understood in the purchase agreement.

When

Wednesday, July 22, 2015
8:30am - 12:30pm

Where

GAAR REALTOR® Building (Map it)

Price

$40 Member Price
$60 Non-Members

Instructor

Bob Treece

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