Requirements for Copies of Appraisals and Other Written Valuations Under the Equal Credit Opportunity ACT (Us Consumer Financial Protection Bureau Regulation) (Cfpb) (2018 Edition)

Download or read book Requirements for Copies of Appraisals and Other Written Valuations Under the Equal Credit Opportunity ACT (Us Consumer Financial Protection Bureau Regulation) (Cfpb) (2018 Edition) written by The Law The Law Library and published by Createspace Independent Publishing Platform. This book was released on 2018-06-18 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Requirements for Copies of Appraisals and Other Written Valuations Under the Equal Credit Opportunity Act (US Consumer Financial Protection Bureau Regulation) (CFPB) (2018 Edition) The Law Library presents the complete text of the Requirements for Copies of Appraisals and Other Written Valuations Under the Equal Credit Opportunity Act (US Consumer Financial Protection Bureau Regulation) (CFPB) (2018 Edition). Updated as of May 29, 2018 The Bureau of Consumer Financial Protection (Bureau) is amending Regulation B, which implements the Equal Credit Opportunity Act (ECOA), and the Bureau's official interpretations of the regulation, which interpret and clarify the requirements of Regulation B. The final rule revises Regulation B to implement an ECOA amendment concerning appraisals and other valuations that was enacted as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). In general, the revisions to Regulation B require creditors to provide to applicants 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, and require creditors to notify applicants in writing that copies of appraisals will be provided to them promptly. This book contains: - The complete text of the Requirements for Copies of Appraisals and Other Written Valuations Under the Equal Credit Opportunity Act (US Consumer Financial Protection Bureau Regulation) (CFPB) (2018 Edition) - A table of contents with the page number of each section