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https://blog.alta.org/2015/02/get-familiar-with-the-other-three-day-rule-related-to-appraisals.html
This could trigger a new three-day waiting period under the Appraisal Rule. Now, there is some good news. 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://rpfwholesale.com/docs/Appraisal_Waiver_Form.pdf
APPRAISAL: WAIVER OF 3-DAY DELIVERY Disclosure Date: Loan Number: ... I am exercising my right to waive the 3 business-day review period prior to closing, 3) If my loan is a covered “higher priced mortgage loan” under TILA, I will be required to receive my appraisal report at least 3 business days prior to closing, and 4) I understand that ...File Size: 595KB
https://files.consumerfinance.gov/f/201301_cfpb_ecoa-appraisals-rule_what-it-means-for-consumers.pdf
3 WHAT THE NEW ECOA APPRAISAL AND OTHER VALUATIONS RULE MEANS FOR CONSUMERS, JANUARY 2013 • May ask you to waive the deadline so that any copies can be provided at closing • Has to provide these copies to you promptly, even if your loan does not close • Can make you pay a reasonable fee for the cost of the valuationFile Size: 68KB
https://ficoforums.myfico.com/t5/Mortgage-Loans/Waive-right-to-a-copy-of-appraisal/td-p/549307
Aug 04, 2009 · So, our lender sent me a form to waive our right to a copy of the appraisal 3 days before closing. It states they will try to get it to us before then, but that the loan will fall through if they can't meet the requirement and we don't waive our right. Should I sign this form? It worries me whenever...
https://hankmillerteam.com/2015/02/is-it-wise-to-waive-the-appraisal-contingency/
Is it wise for buyers to waive the appraisal contingency? Appraisals continue to cause agita among many in the home buying process. Is the answer to eliminate it? Current offers reflect the “current” while appraisals reflect the “past”. This is an inherent conflict especially in a transitional market.
https://www.consumerfinance.gov/policy-compliance/rulemaking/regulations/1002/14/
An appraisal is being revised, and the creditor does not receive the revised appraisal until day 45 after the application, when the creditor immediately determines the revised appraisal is acceptable. A week later, the creditor sends a copy of the revised appraisal to the applicant, and does not send a copy of the initial appraisal to the ...
https://www.jackscomplianceresource.com/forums/topic/ecoa-waiver-of-timing-requirement-for-delivery-of-appraisal/
Apr 02, 2015 · Home › Forums › Equal Credit Opportunity Act/Regulation B › ECOA Waiver of Timing Requirement for Delivery of Appraisal Tagged: ECOA, waiver This topic has 2 replies, 1 voice, and was last updated 5 years ago by rcooper. Viewing 3 posts - 1 through 3 (of 3 total) Author Posts April 2, 2015 at 9:22 am #6780 rcooperKeymaster A question we received via email: I’ve having a brain freeze ...
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