Appraisals: Copies of reports to applicants, cost.FHA approved! We specialize in reverse mortgages. Let Capitol Appraisal, Inc. service your appraisal needs. We provide fast and courteous service. Call us today toll free at 877 363-8727

 

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(e) Appraisals; copies of reports to applicants; costs

    Each creditor shall promptly furnish an applicant, upon written request by the applicant made within a reasonable period of time of the application, a copy of the appraisal report used in connection with the applicant's application for a loan that is or would have been secured by a lien on residential real property. The creditor may require the applicant to reimburse the creditor for the cost of the appraisal.

 TITLE 15--COMMERCE AND TRADE
                 CHAPTER 41--CONSUMER CREDIT PROTECTION
                 SUBCHAPTER IV--EQUAL CREDIT OPPORTUNITY -Sec. 1691 Scope of Prohibition

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877 3MD-URAR (363-8727)
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