New Regulations
• Require creditors (lenders) to notify applicants (borrowers) of their right to receive a copy of appraisal within three business days of receiving a loan application.

• Require creditors (lenders) to provide applicants a copy of each appraisal, and other written valuation, promptly upon completion or three business days before consummation or account opening, whichever is earlier.

• Prohibit creditors from charging for a copy of an appraisal and other written valuations, but permit creditors to charge applicants reasonable fees for the cost of the appraisals or other written valuation.

Full article is bellow.  Please comment with your thoughts:

http://www.workingre.com/wp-content/uploads/2013/10/High-Quality-Appraisals-or-else-NE.html

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