ALERT: Florida Exam changes to reflect the new Closing Disclosure

09/17/2015 12:00am
Author: Edward O'Donnell

The TILA/RESPA Integrated Mortgage Disclosure Rule goes into effect October 3, 2015. Students who studied the HUD-1 Settlement Statement will have to learn about the changes to the examinations!

Florida Broker exam - The biggest changes are on the broker exam, and they go into effect December 1, 2015. There are eight closing statement questions on the broker exam.

  • The term that will be used instead of HUD-1 will be Closing Disclosure. Candidates will have to be familiar with pages 2 and 3 of the new five-page disclosure and be able to perform basic calculations as they do now. 
  • Answers to the HUD-1 questions that formerly were on page 1 of the HUD-1 will be page 3 of the Closing Disclosure. 

Florida Sales Associate exam - The HUD-1/Closing Statement will now be referred to by its new name, Closing Disclosure. Candidates will start seeing this change on October 3, 2015.

Florida Real Estate Law exam – No changes.

Link to sample Closing Disclosure:

For more detailed information about TILA –RESPA Integrated disclosure rule visit: