Answer:
No. The reason for the denial would be insufficient collateral value. If you used information about the applicant obtained from a third party, you'd have to disclose it, but not if the appraisal is the reason for the denial.
Customer Declined Based on Appraisal Not Credit
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Question:
If I have a customer that was not declined for credit reasons, but was declined based on information from his appraisal, would our customer be declined from information obtained by a third party (i.e. an appraiser)?
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