HUD's FAQs - If a GFE is Issued on the Old Form Prior to January 1, 2010, and the Loan Will Close After January 1, 2010, Which HUD-1 Form is to be Completed by the Settlement Agent?

Compliance > Regulation X - RESPA > GFE and HUD-1 > HUD's FAQs
Q: If a GFE is issued on the old form prior to January 1, 2010, and the loan will close after January 1, 2010, which HUD-1 form is to be completed by the settlement agent?

A: If a GFE is issued on the old form prior to January 1, 2010, then the old HUD-1 form must be used even if closing will occur after January 1, 2010. For GFEs issued on the old form, the loan originator has the option to reissue the GFE (with the same terms and charges) on the new form, in which case the settlement agent must complete the new HUD-1 form.

This can be found in GFE-General – FAQ #3 of HUD’s FAQs.  HUD’s FAQs can be found at http://www.hud.gov/offices/hsg/rmra/res/respa_hm.cfm.

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