05/12/2014
Reg B - appraisals - can we email a copy of the appraisal to the Borrowers as long as it is secured and we get a read receipt for the email? How long after this do we need to wait to close the loan?
04/21/2014
Where may I obtain a sample of the Right to Receive a Copy of Appraisal form, or at least the recommended language please?
06/17/2013
What is the required timeframe to provide Credit Score Disclosure; Right to Receive Copy of Appraisal to borrower for a Land Only; Consumer Purpose; with Collateral of the Land?
04/22/2013
Is there a regulatory requirement to have appraisal engagement letters?
04/22/2013
If I email the disclosures to the client and they acknowledge receipt, can I order the appraisal on the same day?
02/04/2013
With the talk of changes in flood compliance, I am finding myself confused about calculating adequate flood coverage. Are we currently to use appraisal minus land or insurance replacement? I know it would be one of those two or then the total of all loans or the maximum NFIP available. I am just not sure on the appraisal minus land or insurance replacement cost.
01/07/2013
Are appraisal reviews required on all new real estate loans that require an appraisal?
11/19/2012
When doing a commercial loan on a restaurant, is the right to receive a copy of appraisal disclosure required?
11/05/2012
We have a borrower who rescinded his loan within the 3 day period and all funds collected were refunded. He has now re-applied and our compliance officer states we cannot charge him for the appraisal since it was the appraisal also completed for the rescinded loan. The new application was made within two weeks of rescission.
05/14/2012
My question deals with Adverse Action Notices...section # 5 the disclosure of use of information obtained from an outside source. I fully understand the first block for denials based on a credit report and all the information that now must be included. I am confused at the last box that is saying our decision is based on information obtained from another source other than a credit reporting agency. If we have to decline a client for the condition of their real estate and we received that information through an appraisal report should we be utilizing that box? Again this is when the denial decision was NOT based on any part of a credit report or credit score?