Posts Tagged: regulation

Back to Basics – An Appraisal Process and Regulation Refresher

Posted by & filed under Blog.

Vicky Thompson, CEO, and Patrick McMillen, COO of Valuation Management Group, spoke at the Georgia Bankers Association’s 2016 Compliance Conference on September 16th in Macon, Georgia.  Their presentation was titled Back to Basics – An Appraisal Process and Regulation Refresher.  They presented pertinent information that compliance officers, as well as other employees of the bank,… Read more »

New Rule Requires Lenders to Provide Free Copy of Appraisal

Posted by & filed under News.

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 »