Description

Explains the Regulation B requirements that creditors provide applicants with free copies of all appraisals and other written valuations developed in connection with an application for a loan to be secured by a first lien on a dwelling. Explores the requirements for notifying applicants in writing that copies of appraisals will be provided to them promptly.
What You’ll Learn
After completing this course, students will be able to:

Define valuation” for Regulation B purposes

Explain banks obligations to provide copies of appraisals and other valuations when they are obtained in connection with certain mortgages, including the timing and delivery of such copies

Explain how to comply when there are multiple versions of or corrections to an appraisal or other valuation

Describe the appraisal notice requirements

Additional information

Audience	Bank personnel who take and process loan applications.
Length	Approximately 20 minutes
Time	5:42 PM
Credits	0.50 CLBB, CRCM
Member Price	55.00
Non-Member Price	75.00
Course Number	ABA
Location	Online Self-Paced
Vendor	ABA
Course Code	ABA
Prerequisites	None
Day	Online