Settlement Statements

On-Demand Webinars

One of the most important documents in a real estate transaction is the settlement statement. Settlement statements take many different forms, some of which are federally mandated. The below seminars are designed to assist you with completing two of the federally-mandated forms – the Closing Disclosure form and the GFE/HUD. Which form to use is mandated by federal law.

The Closing Disclosure form must be used for one-to-four family residential mortgage transactions where a creditor is involved. In simpler terms, this is the form that will generally be used in all purchase and refinance transactions for homes in Florida. The GFE/HUD must be used for reverse mortgages. To make matters a little more complicated, the Closing Disclosure form became effective for loan applications received on or after October 3, 2015. For those transactions currently covered by the Closing Disclosure, the GFE/HUD was used prior to October 3, 2015.

Two separate seminars are available below for the Closing Disclosure. The first is designed for those new to real estate transactions who have no familiarity with the GFE/HUD. The second is designed for those making the transition from the GFE/HUD to the Closing Disclosure. This seminar contains comparisons of the two forms to make the transition easier.

The third program listed discusses the GFE/HUD for those who may need to use this form for reverse mortgages.

Navigating the Closing Disclosure Form

06/04/2017 Runtime: 03:00:00
Price: $50 for Members & Staff, $150 Non-Members


This three-hour offering provides an in-depth review of the new forms and the rules which apply.

  • How a sample transaction is represented on the new form using a residential real estate sales contract, closing instructions, invoices, and Florida’s promulgated rating rules.
  • The use of additional settlement statements such as those created by the American Land Title Association.
  • The enforcement role of the Consumer Financial Protection Bureau, the government regulator which assumed the responsibilities formerly held by the Department of Housing and Urban Development and the Federal Reserve Board.
  • Application of other Florida-specific aspects of the transaction are discussed including the requirements related to use of the newly promulgated Florida Insurance Disclosure by the Florida Department of Financial Services.

This seminar has been approved for 3.5 general CLE credits and 3.5 real estate and business litigation certification credits with the Florida Bar; 3.0 hours of continuing education credit with NALA.

The Florida Bar accreditation for this seminar will expire on December 31, 2021 and access to this seminar will not be available after that date.

Watch Now

Closing Disclosure & GFE/HUD Comparison: It's Not Just A Form, The Closing Disclosure & Form Process

06/10/2015 Runtime: 2:28:47
Price: Free


This recorded seminar reviews the new Closing Disclosure forms in depth including the seller specific form which is the sole responsibility of settlement agents to prepare, as well as the model refinance form.

Participants are walked-through sample transactions which compare HUD-1 and HUD-1A settlement statements to the new Closing Disclosure forms used in those transactions. The timing and manner of communication with lenders is explored including the cloud-based platform and software to which lenders will soon transition. Introduction and explanation of the Uniform Closing Dataset is made, along with its effect on the facilitation of mortgage sales on the secondary market, including compliance and audit requests by that market and the Consumer Financial Protection Bureau (CFPB).


Watch Now

GFE/HUD Seminar: 2010 HUD-1 Settlement Statement Background & Basics

5/6/2014 Runtime: 02:54:35
Price: Free


This seminar is a practical guide to the 2010 GFE/HUD-1, including instructions on how to fill out and explain the forms to parties involved in the transaction.


Watch Now

Legal Education Quality and Service Guarantee
If the seminar you attend proves unsatisfactory in any way, we will give you your choice of a full credit against a future Legal Education department seminar; or a refund. We will promptly respond to your needs and inquiries about seminars, and if we do not respond to your satisfaction, the next seminar you attend is on us.

To make a claim under the Guarantee, notify us in writing within one week after the seminar or unsatisfactory response. Claims may also be initiated by Legal Education personnel who discover unfavorable seminar evaluations.

For more information, please contact the Education Registrar at 888-407-7775 or email