(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 Back to News |