Settlement Statement

The formal spreadsheet issued by the Closing Agent at Closing that shows the origination and disbursal of all funds.  If there is a lender, the Closing Agent will use the form required by federal law.

Formerly called the HUD-1 (the designation of the federal government), then known as the TRID (a really complicated acronym for the post-meltdown reform law), it no longer has an official name. It is often called the “Master Statement.”