Skip to content
BOL Conferences
Thread Options
#1674844 - 03/08/12 02:52 PM Appraisal Notice
dac Offline
100 Club
Joined: Sep 2009
Posts: 234
I was told by an examiner that we need to provide Notice of Right to Receive Copy of Appraisal notice to the applicant even when we do not do an appraisal on the property. Is this true?

Return to Top
Lending Compliance
#1674860 - 03/08/12 03:14 PM Re: Appraisal Notice dac
Reg Booster Offline
100 Club
Joined: Aug 2010
Posts: 106
Midwest
You shouldn't need to provide the notice if an appraisal wasn't used. Refer to Regulation B section 202.14. I would ask the examiner to point to the requirement he is referring to...

Return to Top

Moderator:  Andy_Z