Posts Tagged: creditor

New Rule Requires Lenders to Provide Free Copy of Appraisal

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On Friday, the Consumer Finance Protection Bureau announced they have amended ECOA, Regulation B. The revisions to Regulation B require creditors to provide applicants with free copies of home appraisals before closing, and require creditors to notify applicants in writing that copies of appraisals will be provided to them promptly. The rule will go into effect… Read more »