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Real Estate Settlement Procedures Act (RESPA)

Appraisal Reform Act of 2019 Would Impact TRID

July 14, 2019 By Nanci Weissgold

A&B Abstract:  If enacted, the recently introduced Appraisal Reform Act of 2019 would amend RESPA to require the disclosure of the appraisal management fee separate from the appraisal fee on the loan estimate (LE) and closing disclosure (CD).  This could impose an additional burden on lenders and appraisal management companies (AMCs).  Background  The LE provides […]

Filed Under: Appraisal and Valuation, Mortgage Loans, Real Estate Settlement Procedures Act (RESPA), TRID Tagged With: appraisal, TRID, zero tolerance

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