Click to return to BOL home page
Banker Store Read A Reg BOL Insiders Career Connect Learning Connect Bankers Information Network



January 21, 2015
HMDA Soup to Nuts
David Dickinson

January 22, 2015
Navigating the Treacherous Waters of IRA Rollovers, Transfers and Beneficiary Payouts
Patrice Konarik

January 28, 2015
Mortgage Life Cycle
Part I
David Dickinson and Jerod Moyer

February 2, 2015
Answer HSA Questions with Confidence
Whitney Johnson

February 3, 2015
BSA/AML Compliance: Recent Developments and Common Errors
Ken Golliher

February 4, 2015
Mortgage Life Cycle
Part II
David Dickinson and Jerod Moyer

February 5, 2015
Annual Lending Compliance Recap
John Burnett and Andy Zavoina



Topic Options
Manage Topic
#1649837 - 01/12/12 08:30 AM Right to receive a copy of the appraisal
Soccer Online
Gold Star

Registered: 01/05/10
Posts: 490
Loc: Utopia
I do not read Reg B to require two copies of the appraisal being required to be given to the borrower(s). Can anyone tell me if that is a requirement and if so where I can find it.

Top
General Discussion
#1649918 - 01/12/12 09:38 AM Re: Right to receive a copy of the appraisal [Re: Soccer]
Rocky P Online
Power Poster

Registered: 06/24/03
Posts: 4828
Loc: South Carolina
Information can be found in Reg B - 202.14. Nothing is mentioned about 2 copies.

Regulation
http://www.bankersonline.com/regs/202/202-14.html

Commentary
http://www.bankersonline.com/regs/202/s202-14.html
_________________________
I survived an OCC Fair Lending/Comparative File Review of 1,756 loans with no findings that stuck!
CRCM, CIA, CRP, CBA

Top
#1649995 - 01/12/12 10:17 AM Re: Right to receive a copy of the appraisal [Re: Soccer]
A_G Offline
10K Club

Registered: 07/21/04
Posts: 18954
Who is telling you this is required?

Ask them to inform you of his or her cite!
_________________________
With the lights out, it's less dangerous.

Top
#1650231 - 01/12/12 01:00 PM Re: Right to receive a copy of the appraisal [Re: Soccer]
Soccer Online
Gold Star

Registered: 01/05/10
Posts: 490
Loc: Utopia
Outside consultant that reviewed our policies!

Top
#1650235 - 01/12/12 01:04 PM Re: Right to receive a copy of the appraisal [Re: Soccer]
Always In Training Offline
Platinum Poster

Registered: 07/11/06
Posts: 686
Loc: Where the Green Grass Grows
Is it in your policy to give 2 copies ?

Is it state law that they receive a copy of anything the bank requires them to sign? (It is in my state for 1 type of loan, and our forms provider has a place for the borrower to sign acknowledging receipt.)

Top
#1650267 - 01/12/12 01:42 PM Re: Right to receive a copy of the appraisal [Re: Soccer]
Soccer Online
Gold Star

Registered: 01/05/10
Posts: 490
Loc: Utopia
Not in policy and I don't see it in state law.

Top
#1651175 - 01/13/12 04:54 PM Re: Right to receive a copy of the appraisal [Re: Soccer]
Andy Z Online

10K Club

Registered: 10/27/00
Posts: 25323
Loc: On the Net
Time to go back and ask the source for a cite.

It is similar to someone saying "tell me where it says I can't do this" and the correct response is "tell me where it says you can."
_________________________
AndyZ CRCM
My opinions are not necessarily my employers.
R+R-R=R+R
Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell

Top