Commercial purpose loan. Applicant waives his/her entitlement to a receipt of the property appraisal report in advance of the closing. Our loan officer documents on a form how it was waived. A box is marked if it was waived orally with the date that it was waived, an e-mail is attached if it was waived via an e-mail or the applicant signs the document if it's waive it in person. A copy of the appraisal is given to the applicant at closing. Is proof needed? Is there a regulatory requirement for the bank to document delivery of the appraisal at closing via the applicants signature on some type of form in situations where they waived receipt in advance?

Is a signed acknowledgement of receipt required by the regulation, no - not technically. But it is like anything else you are required to deliver. How do you prove it happened?