<P> Borrowers could compare their Good Faith Estimate to the HUD - 1 Settlement Statement and ask their lender or broker about any changes . </P> <P> As part of new rules established by the Consumer Financial Protection Bureau effective October 3, 2015, the HUD - 1 Settlement Statement became obsolete . It has been replaced by a document called the Closing Disclosure that consolidates the HUD - 1, Good Faith Estimate, and Truth in Lending Act disclosures . </P>

What does a hud 1 statement look like