Skip to content
BOL Conferences
Thread Options
#1993472 - 02/04/15 08:09 PM Reg B Appraisal Requirement
Boyer Offline
New Poster
Joined: Sep 2014
Posts: 7
I understand that you must provide a copy of the appraisal at least three business days prior to consummatiom of the transaction under the Reg B appraisal requirement; but would a home loan be considered consummated when the loan is funded, or would it be when the closing documents are signed by the client?

Return to Top
Lending Compliance
#1993487 - 02/04/15 08:33 PM Re: Reg B Appraisal Requirement Boyer
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,293
When the loan documents are signed is the date you count back from.
_________________________
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

Return to Top
#1993521 - 02/04/15 09:20 PM Re: Reg B Appraisal Requirement Boyer
Boyer Offline
New Poster
Joined: Sep 2014
Posts: 7
Thank you.

Return to Top

Moderator:  Andy_Z