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December 3, 2014
Overdrafts: Latest Regulatory Feedback, Guidance & Best Practices Webinar
David Dickinson and Jerod Moyer

December 4, 2014
Freebies, Bonuses and Contests
John Burnett and Andy Zavoina

December 9, 2014
Bankruptcy: Creditor Do's and Don'ts
Sam Ott

December 10, 2014
Branch Audits: What Is Going On Out There?
Patricia Cashman

December 11, 2014
Setting up New Accounts for Trusts
Mary Beth Guard

December 17, 2014
Integrated Disclosures - An Implementation Strategy
Mary Beth Guard and Jack Holzknecht

December 18, 2014
Loan Review Best Practices for a Community Bank
Bob Fritzlan

December 19, 2014
PREPAID PRODUCTS - Understanding the CFPB Proposal
John Burnett



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

Registered: 09/11/13
Posts: 3
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?

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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: 16443
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.

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