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https://www.consumerfinance.gov/policy-compliance/rulemaking/final-rules/disclosure-and-delivery-requirements-copies-appraisals-and-other-written-valuations-under-equal-credit-opportunity-act-regulation-b/
Disclosure and Delivery Requirements for Copies of Appraisals and Other Written Valuations Under the Equal Credit Opportunity Act (Regulation B) 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.
https://singlefamily.fanniemae.com/originating-underwriting/appraisal-waivers
Appraisal Waivers Appraisal waivers, offered through Desktop Underwriter® (DU®) and powered by Collateral Underwriter® (CU®), are offers to waive the appraisal for eligible transactions. What's New
https://rpfwholesale.com/docs/Appraisal_Waiver_Form.pdf
You are entitled to receive a copy of the appraisal report(s) obtained in connection with your application for credit at least 3 business days prior to the closing of your loan. You have the right to waive the 3 business-day waiting period, so long as your loan is not considered a covered “higher priced mortgage loan” under the Truth in Lending Act (TILA). ACKNOWLEDGEMENT
https://singlefamily.fanniemae.com/media/9456/display
marketability of the subject property if the appraisal waiver is exercised by the lender at the time of loan delivery by including Special Feature Code 801 and the Casefile ID in the loan delivery file. If the waiver is not exercised, an appraisal based on an interior and exterior property inspection is …
https://blog.alta.org/2015/02/get-familiar-with-the-other-three-day-rule-related-to-appraisals.html
Unlike the RESPA-TILA three-day rule, the Appraisal Rule does include a waiver provision. This means that the borrower can waive this timing requirement and agree to receive the updated copy at or before consummation.
https://ficoforums.myfico.com/t5/Mortgage-Loans/Waive-right-to-a-copy-of-appraisal/td-p/549307
Aug 04, 2009 · This waiver that you are signing has to do with the Home Valuation Code of Conduct that went into effect beginning of May... it requires that you are given a copy of your appraisal at least 3 days prior to the closing... but, one of the areas that they actually understood, there is an allowance to waive that if you, the borrower, chooses to do so.
https://files.consumerfinance.gov/f/201301_cfpb_ecoa-appraisals-rule_what-it-means-for-consumers.pdf
Even if you waive this right, the lender still has to give you a copy of any valuations. If you waive this right and your loan closes, the lender can then give you a copy two days before, one day before, or on the day of the closing. Think carefully before you agree not to get a copy of valuations three days in advance of closing.
https://www.mortgagesanalyzed.com/gyan/law/cfpb-reg-b/regulation-b-appraisal-rules
Appraisal Delivery: Lenders need to deliver the appraisal and other written valuations to the applicant. Delivery occurs three business days after mailing or delivering the copies to the last-known address of the applicant, or when evidence indicates actual …
https://www.reddit.com/r/RealEstate/comments/48udy9/lender_asking_me_to_sign_a_appraisal_waiver/
This is a pretty common disclosure. It's to make sure that closing doesn't get held up. Rest assured, you will still get a copy of the appraisal, and most of the time this agreement never comes into play. More than likely, you will get the appraisal as soon as it is complete.
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