ALTA Settlement Statements

ALTA has developed standardized ALTA Settlement Statements for title insurance and settlement companies to use to itemize all the fees and charges that both the homebuyer and seller must pay during the settlement process of a housing transaction. 

Settlement statements are currently used in the marketplace in conjunction with the federal HUD-1. T

he ALTA Settlement Statement is not meant to replace the Consumer Financial Protection Bureau‘s Closing Disclosure, which goes into effect on Aug. 1, 2015.

Four versions of the ALTA Settlement Statement are available. – 

See more at: http://www.alta.org/cfpb/documents.cfm#sthash.3v3hsH7X.dpuf

TILA-RESPA Integrated Disclosure rule implementation > Consumer Financial Protection Bureau

Integrated loan disclosure forms & samples

These are downloadable versions of the models and samples that were published in the rule.

Loan estimate

Blank model loan estimate fields annotated to show rule citations

Blank model loan estimate form that illustrates the application of the rule’s content requirements (en Español)

Blank model loan estimate that illustrates the application of the optional alternative tables for transactions without a seller (en Español)

Sample of completed loan estimate for fixed rate loan

Sample of completed loan estimate for interest only, adjustable rate loan (en Español)

Sample of completed loan estimate for refinance (en Español)

Sample of completed loan estimate for balloon payment (en Español)

Sample of completed loan estimate for negative amortization (en Español)

Closing disclosure

Blank closing disclosure with fields annotated to show rule citations

Blank closing disclosure that illustrates the application of the rule’s content requirements (en Español)

Blank closing disclosure that illustrates the alternative disclosures and modifications permitted for transactions without a seller (en Español)

Blank closing disclosure that illustrates disclosure provided to seller

Blank page 2 of closing disclosure that illustrates modifications to closing cost details

Sample of a completed closing disclosure for fixed rate loan (companion to sample loan estimate above) (en Español)

Sample of a completed closing disclosure for refinance (companion to sample loan estimate above) (en Español)

Sample of the completed closing disclosure for refinance transaction where the closing costs have increased in excess of the good faith requirements

Sample of a completed closing disclosure for refinance in which the consumer must pay additional funds to satisfy the existing mortgage loan securing the property and other existing debt to consummate the transaction

Sample page 3 of closing disclosure (summaries of transactions) for disclosure of consumer funds from a simultaneous second-lien credit transaction

Sample page 3 of closing disclosure (summaries of transactions) for disclosure of funds paid outside of closing

Other blank forms and samples

Blank model form for the written list of settlement service providers

Sample of written list of providers you can shop for

Sample of written list of providers you cannot shop for

Blank model form of the escrow cancellation notice

Go to CFPB page for complete information, including access to webinars.

HUD-1 Going Away: Understand New Closing Forms, Procedures – YouTube-NAR

HUD-1 Going Away: Understand New Closing Forms, Procedures

Related articlesThe HUD-1 settlement statement and Good Faith Estimate forms are going away on August 1. The Truth in Lending Act disclosure is going away as well. In their place will be a new closing disclosure and a new loan estimate. There will be changes to the closing process as well, including a new rule requiring everything to be in place three days prior to closing. And last-minute changes face new hurdles. Learn about the changes in this walk-through from the NAR.