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#1066570 - 10/17/08 04:54 PM Appraisal on First Lien
ComplyOhMy Offline
Platinum Poster
Joined: Dec 2005
Posts: 514
Lexington, Kentucky
i have a loan that is a first lien to purchase a small lot. Is a notice of copy of appraisal or a copy of the actual appraisal required?

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Lending Compliance
#1066574 - 10/17/08 05:01 PM Re: Appraisal on First Lien ComplyOhMy
Cowboys Fan Online
Power Poster
Joined: Dec 2002
Posts: 4,615
SC
The notice (or copy of appraisal) is only required if the loan will be dwelling (1-4 family) secured. See 202.14.
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#1066693 - 10/17/08 06:42 PM Re: Appraisal on First Lien Cowboys Fan
ComplyOhMy Offline
Platinum Poster
Joined: Dec 2005
Posts: 514
Lexington, Kentucky
Thank you.

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