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BankersOnline.com Forums Dodd-Frank Final Rules Discussions Interagency (Reg Z) and CFPB Reg B Appraisal Rules Signatures on Right To Receive Copy of Appraisal
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#2086610 - 07/05/16 04:50 PM Signatures on Right To Receive Copy of Appraisal
TTFN Offline
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Joined: May 2015
Posts: 18
Missouri
Are borrowers required to sign the Right to Receive Copy of Appraisal form?

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Interagency (Reg Z) and CFPB Reg B Appraisal Rules
#2086614 - 07/05/16 05:11 PM Re: Signatures on Right To Receive Copy of Appraisal TTFN
Kathleen O. Blanchard Offline

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Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,293
No, it is simply a notice of their rights.
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#2089133 - 07/21/16 03:03 PM Re: Signatures on Right To Receive Copy of Appraisal TTFN
Truffle Royale Offline

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Joined: Jul 2003
Posts: 17,400
That form isn't required anymore. The information should be included on your Loan Estimate.

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#2089136 - 07/21/16 03:11 PM Re: Signatures on Right To Receive Copy of Appraisal TTFN
MScarn6942 Offline
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Joined: Aug 2015
Posts: 756
Land Lacking in Lakes, IL
Unless you're doing an AAN, then it is still required. Since you're probably ordering an appraisal on a turn down and all... smile
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#2089137 - 07/21/16 03:11 PM Re: Signatures on Right To Receive Copy of Appraisal TTFN
raitchjay Offline
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Joined: Oct 2009
Posts: 9,105
OK
For TRID loans, true, but for non-TRID loans secured by a first lien on a dwelling, you still need the stand-alone appraisal notice. (Referencing TR's post.....since i didn't get in right behind her.)
Last edited by raitchjay; 07/21/16 03:12 PM.
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