Topical Terminology > Uniform Settlement Statement
1 Definition
Uniform Settlement Statement
For Uniform Settlement Statement we have a term and definition in Real Estate.
Uniform Settlement Statement (Real Estate) 
The standard HUD Form 1 required to be given to the borrower, lender and seller at the time or before settlement by the settlement agent in a transaction covered under the Real Estate Settlement Procedures Act. The lender must retain its copy for at least two years.
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