Comment for 1026.37 - Content of Disclosures for Certain Mortgage Transactions (Loan Estimate)
for the application at the time the disclosure is issued to the consumer, the value determined by the appraisal
- 1026 (Regulation Z)
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for the application at the time the disclosure is issued to the consumer, the value determined by the appraisal
as other charges such as broker fees, application and commitment fees, or fees for a title search or appraisal
In this case, the number of days from April 17 would be 181, so an additional appraisal is not required
of § 1026.42, the term “valuation” includes an estimate of value regardless of whether it is an appraisal
Before extending a higher-priced mortgage loan subject to the appraisal requirements of § 1026.35
transaction does not qualify for the exemption for a refinancing under § 1026.35(c)(2)(vii) from the appraisal
characteristics in applications for certain dwelling-related loans; and to provide applicants with copies of appraisal
For example, a payment by a third party of a creditor-imposed fee for an appraisal performed by an employee
By contrast, a fee paid by the consumer for an appraisal performed by the creditor must be included in
This provision does not require a creditor to obtain an appraisal before suspending credit privileges
wait for some period of time for the consumer to respond, and then charge the consumer a fee for an appraisal
Thus, for example, if the creditor charges the consumer $400 for an appraisal conducted by an affiliate
market of the property being appraised” means the geographic market relevant to compensation levels for appraisal
For example, a reasonable appraisal fee paid to an independent, third-party appraiser may be allocated
To facilitate compliance with appraisal requirements in § 1026.35(c), the Bureau also creates a
Nonetheless, the transaction is eligible for an exemption from the appraisal requirements of § 1026.35
Form C-9 - Sample Disclosure of Right To Receive a Copy of Appraisals We may order an appraisal to determine