• 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.
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