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(a) Permissible
changes--HUD-1. The following changes and insertions are permitted
when the HUD-1 settlement statement is reproduced:
(1) The person reproducing the HUD-1 may insert its business
name and logotype in Section A and may rearrange, but not delete, the
other information that appears in Section A.
(2) The name, address, and other information regarding the
lender and settlement agent may be printed in Sections F and H,
respectively.
(3) Reproduction of the HUD-1 must conform to the terminology,
sequence, and numbering of line items as presented in lines 100-1400.
However, blank lines or items listed in lines 100-1400 that are not
used locally or in connection with mortgages by the lender may be
deleted, except for the following: Lines 100, 120, 200, 220, 300, 301,
302, 303, 400, 420, 500, 520, 600, 601, 602, 603, 700, 800, 900, 1000,
1100, 1200, 1300, and 1400. The form may be shortened correspondingly.
The number of a deleted item shall not be used for a substitute or new
item, but the number of a blank space on the HUD-1 may be used for a
substitute or new item.
(4) Charges not listed on the HUD-1, but that are customary
locally or pursuant to the lender's practice, may be inserted in blank
spaces. Where existing blank spaces on the HUD-1 are insufficient,
additional lines and spaces may be added and numbered in sequence with
spaces on the HUD-1.
(5) The following variations in layout and format are within the
discretion of persons reproducing the HUD-1 and do not require prior
HUD approval: size of pages; tint or color of pages; size and style of
type or print; vertical spacing between lines or provision for
additional horizontal space on lines (for example, to provide
sufficient space for recording time periods used in prorations);
printing of the HUD-1 contents on separate pages, on the front and
back of a single page, or on one continuous page; use of multicopy
tear-out sets; printing on rolls for computer purposes; reorganization
of Sections B through I, when necessary to accommodate computer
printing; and manner of placement of the HUD number, but not the OMB
approval number, neither of which may be deleted. The designation of
the expiration date of the OMB number may be deleted. Any changes in
the HUD number or OMB approval number may be announced by notice in
the Federal Register, rather than by amendment of this part.
(6) The borrower's information and the seller's information may
be provided on separate pages.
(7) Signature lines may be added.
(8) The HUD-1 may be translated into languages other than
English. (9) An additional page may be attached to the HUD-1 for
the purpose of including customary recitals and information used
locally in real estate settlements; for example, breakdown of payoff
figures, a breakdown of the borrower's total monthly mortgage
payments, check disbursements, a statement indicating receipt of
funds, applicable special stipulations between buyer and seller, and
the date funds are transferred. If space permits, such information may
be added at the end of the HUD-1.
(10) As required by HUD/FHA in FHA-insured loans.
(11) As allowed by Sec. 3500.17, relating to an initial escrow
account statement.
(b) Permissible changes--HUD-1A. The changes and insertions on
the HUD-1 permitted under paragraph (a) of this section are also
permitted when the HUD-1A settlement statement is reproduced, except
the changes described in paragraphs (a)(3) and (6) of this section.
(c) Written approval. Any other deviation in the HUD-1 or
HUD-1A forms is permissible only upon receipt of written approval of
the Secretary. A request to the Secretary for approval shall be
submitted in writing to the address indicated in Sec. 3500.3 and shall
state the reasons why the applicant believes such deviation is needed.
The prescribed form(s) must be used until approval is received.
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