After 29 years (?) the Settlement Statement changes

The settlement statement (or HUD-1) that every buyer and seller has signed in every closing that I've been a part of (since I started my career in 2003) has always been the same.  And that document is labeled "REV.HUD.1 (3/86)" at the bottom -- so I'm assuming that the form has been around (unchanged??) since 1986.

But no longer!

Now, instead of a "Settlement Statement" or "HUD-1" there will be a "Closing Disclosure" to be reviewed and signed at closing.

The image above is the first of five pages of this new document.  Learn all about this new document over here, at the Consumer Financial Protection Bureau.