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#2122976 - 03/21/17 08:56 PM Ordering Evaluation to update values
Bec Offline
Diamond Poster
Bec
Joined: Jul 2010
Posts: 1,114
The Great White North
In a situation where an evaluation is ordered to update values on a special asset credit, not necessarily for renewal or refinance, would we need to send out a notice of right to receive copy of appraisal?
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Interagency (Reg Z) and CFPB Reg B Appraisal Rules
#2122988 - 03/21/17 10:01 PM Re: Ordering Evaluation to update values Bec
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 80,341
Galveston, TX
No application for credit - no notice:

1002.14—Rules on providing appraisals and other valuations.

(a) Providing appraisals and other valuations. (1) In general. A creditor shall provide an applicant a copy of all appraisals and other written valuations developed in connection with an application for credit that is to be secured by a first lien on a dwelling.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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