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Lending Compliance
Right to Receive Copy of An Appraisal
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#1123526
-
02/05/09
03:35 PM
Right to Receive Copy of An Appraisal
MMontjoy01
Junior Member
Joined:
Apr 2008
Posts: 47
NC, USA
We are trying to find out if Reg B requires that a Notice of Right to Receive Copy of An Appraisal is required on a purchase acquisition loan that a 1-4 Family sits on the property but it is going to be demolished. Thanks ahead of time!
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Lending Compliance
#1123575
-
02/05/09
03:54 PM
Re: Right to Receive Copy of An Appraisal
MMontjoy01
Ray_
Platinum Poster
Joined:
Aug 2006
Posts: 879
Dallas, TX
I would provide the notice since the house is there when the loan was applied for and when it closes.
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#1123589
-
02/05/09
04:00 PM
Re: Right to Receive Copy of An Appraisal
Ray_
MMontjoy01
Junior Member
Joined:
Apr 2008
Posts: 47
NC, USA
Thanks Ray! That is what we were thinking but I guess sometimes you need some clarification from outside voices too!
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