Would the 1st lien on a dwelling rule to provide a copy of the appraisal or evaluation apply to the following scenario? The loan is a business loan to purchase a lot with an old dwelling on the lot that is currently rented out. The lender has requested to obtain a value on the land only with no consideration as to the value of the dwelling. The borrower eventually plans to tear down the home and build a new home, but this loan is only to purchase the property and not loan funds to build. The bank will have a 1st lien on a dwelling, and the valuation will be on the land, but not of the dwelling. Is the bank required to provide a copy of the valuation?

Requesting a value with no consideration as to the value of the dwelling in and of itself has no bearing as to whether your loan is SECURED by a dwelling. Unless you're carving the dwelling out of your security interest, you'd be secured by it. I'd just give the Appraisal Notice and supply the borrowers a copy of the appraisal and call it good.

And don't forget the flood regulations.