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



May 27, 2015
Compliance Management – Phase 1, your Program and Training
Andy Zavoina

May 28, 2015
Integrated Disclosures 101
Mary Beth Guard, John Burnett and Andy Zavoina

June 11, 2015
New Tech Advances to Improve Info Security
Susan Orr

June 22, 2015
50 Key Considerations for Integrated Disclosure Rules Readiness
Mary Beth Guard and Jack Holzkechnt

June 23, 2015
The IRS and TINs: The High Cost of Name Mismatches
Deborah Crawford



Topic Options
#1852356 - 09/16/13 11:50 AM new ECOA appraisal rules
live4regs Offline
New Poster

Registered: 09/11/13
Posts: 4
Loc: Kansas
Because we have to provide copies of appraisals to our applicants atleast 3 days prior to closing, am I correct in thinking that we can no longer close a loan within 3 days? In the same scenario, we would not be able to obtain a waiver since those are required atleast 3 days before closing.

Assume this is a refinance of a commercial loan, secured by a 1-4 family dwelling in which we preformed an in-house evaluation to determine the property's value.

Surely we are not the only bank to turn around commercial loans this quickly from time to time?

Top
Lending Compliance
#1852536 - 09/16/13 03:34 PM Re: new ECOA appraisal rules [Re: live4regs]
RR Joker Offline
10K Club

Registered: 11/15/02
Posts: 16844
Loc: The Swamp
I would say,yes...those days are [soon to be] over.


Edited by RR Joker (09/16/13 03:35 PM)
_________________________
My opinion only. Not legal advice.

Say you'll haunt me - Stone Sour

Top

Moderator:  Andy Z