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Comment for 1026.42 - Valuation Independence

“Covered persons” include creditors, mortgage brokers, appraisers, appraisal management companies, real

• • 1026 (Regulation Z)

§ 1026.35 Requirements for higher-priced mortgage loans.

Any copy of a written appraisal required by paragraph (c)(6)(i) of this section may be provided to the

• • 1026 (Regulation Z)

Comment for 1026.35 - Requirements for Higher-Priced Mortgage Loans

Appraisal independence requirements not affected.

• • 1026 (Regulation Z)

Comment for 1026.42 - Valuation Independence

For example, a loan originator may not coerce a loan underwriter to alter an appraisal report to increase

• • 1026 (Regulation Z)

Comment for 1026.37 - Content of Disclosures for Certain Mortgage Transactions (Loan Estimate)

Examples of the services and amounts to be disclosed pursuant to § 1026.37(f)(2) might include an appraisal

• • 1026 (Regulation Z)

Comment for 1026.42 - Valuation Independence

For example, assume an appraisal management company performs both valuation management functions and

• • 1026 (Regulation Z)

Comment for 1026.35 - Requirements for Higher-Priced Mortgage Loans

appraisals required under § 1026.35(c)(4)(i), including by imposing a fee specifically for that appraisal

• • 1026 (Regulation Z)

§ 1002.14 Rules on providing appraisals and other valuations.

A creditor shall provide a copy of each such appraisal or other written valuation promptly upon completion

• • 1002 (Regulation B)

Comment for 1002.14 - Rules on Providing Appraisals and Valuations

requirement under this rule and the waiver pertains solely to the applicant's receipt of a copy of an appraisal

• • 1002 (Regulation B)

Comment for 1026.42 - Valuation Independence

If the creditor reasonably determines and documents that the appraisal does not materially misstate or

• • 1026 (Regulation Z)

Comment for 1002.14 - Rules on Providing Appraisals and Valuations

an applicant requests the renewal of an existing extension of credit and the creditor develops a new appraisal

• • 1002 (Regulation B)

Comment for 1026.40 - Requirements for Home-Equity Plans

If not prohibited by state law, a creditor may collect only bona fide and reasonable appraisal and credit

• • 1026 (Regulation Z)

Comment for 1026.19 - Certain Mortgage and Variable-Rate Transactions

$750 estimate for “lender credits” identified in § 1026.37(g)(6)(ii) to cover the cost of a $750 appraisal

• • 1026 (Regulation Z)

Comment for 1026.19 - Certain Mortgage and Variable-Rate Transactions

A creditor or other person may not impose any fee, such as for an appraisal, underwriting, or broker

• • 1026 (Regulation Z)

Comment for 1026.36 - Prohibited Acts or Practices and Certain Requirements for Credit Secured by a Dwelling

activities, such as processing an application for such a transaction (by, for example, ordering an appraisal

• • 1026 (Regulation Z)

Comment for 1026.42 - Valuation Independence

A “valuation” is an estimate of value prepared by a natural person, such as an appraisal report prepared

• • 1026 (Regulation Z)

Comment for Appendix A - Model Forms

Under the “Early Termination and Default” provision a reference to the lessee's right to an independent appraisal

• • 1013 (Regulation M)

Comment for Appendix A - Model Forms

It does not include a disclosure of the appraisal right at early termination required under § 1013.4

• • 1013 (Regulation M)

§ 1026.42 Valuation independence.

compensate the fee appraiser in an amount that is reasonably related to recent rates paid for comparable appraisal

• • 1026 (Regulation Z)

Comment for 1026.35 - Requirements for Higher-Priced Mortgage Loans

regulations that make a loan qualifying for an exemption under section 1026.35(c)(2) must still comply with appraisal

• • 1026 (Regulation Z)

Comment for 1026.35 - Requirements for Higher-Priced Mortgage Loans

Assume also that the creditor subsequently receives a written appraisal indicating that the seller acquired

• • 1026 (Regulation Z)

Comment for 1002.15 - Incentives for Self-Testing and Self-Correction

Property appraisal reports, minutes of loan committee meetings or other documents reflecting the basis

• • 1002 (Regulation B)

Comment for 1026.19 - Certain Mortgage and Variable-Rate Transactions

A creditor or other person may not impose any fee, such as for an application, appraisal, or underwriting

• • 1026 (Regulation Z)

Comment for 1026.32 - Requirements for High-Cost Mortgages

If the consumer pays the $300 fee for the creditor-conducted appraisal in cash at closing, the $300 is

• • 1026 (Regulation Z)

Comment for 1026.35 - Requirements for Higher-Priced Mortgage Loans

For purposes of the requirement to provide a copy of the appraisal within a specified time under § 

• • 1026 (Regulation Z)