12 C.F.R. § 202.14

Rules on providing appraisal reports

Read at: eCFRecfr.gov CornellLII GovInfogovinfo.gov CasesGoogle Scholar

(a) Providing appraisals. A creditor shall provide a copy of an appraisal report used in connection with an application for credit that is to be secured by a lien on a dwelling. A creditor shall comply with either paragraph (a)(1) or (a)(2) of this section.

(1) Routine delivery. A creditor may routinely provide a copy of an appraisal report to an applicant (whether credit is granted or denied or the application is withdrawn).

(2) Upon request. A creditor that does not routinely provide appraisal reports shall provide a copy upon an applicant's written request.

(i) Notice. A creditor that provides appraisal reports only upon request shall notify an applicant in writing of the right to receive a copy of an appraisal report. The notice may be given at any time during the application process but no later than when the creditor provides notice of action taken under § 202.9 of this regulation. The notice shall specify that the applicant's request must be in writing, give the creditor's mailing address, and state the time for making the request as provided in paragraph (a)(2)(ii) of this section.

(ii) Delivery. A creditor shall mail or deliver a copy of the appraisal report promptly (generally within 30 days) after the creditor receives an applicant's request, receives the report, or receives reimbursement from the applicant for the report, whichever is last to occur. A creditor need not provide a copy when the applicant's request is received more than 90 days after the creditor has provided notice of action taken on the application under § 202.9 of this regulation or 90 days after the application is withdrawn.

(b) Credit unions. A creditor that is subject to the regulations of the National Credit Union Administration on making copies of appraisal reports available is not subject to this section.

(c) Definitions. For purposes of paragraph (a) of this section, the term dwelling means a residential structure that contains one to four units whether or not that structure is attached to real property. The term includes, but is not limited to, an individual condominium or cooperative unit, and a mobile or other manufactured home. The term appraisal report means the document(s) relied upon by a creditor in evaluating the value of the dwelling.

Notes of Decisions

Cited in 8 cases (1 in the last 5 years), 1994–2022 · leading case: Williams v. Countrywide Home Loans, Inc., 504 F. Supp. 2d 176 (S.D. Tex. 2007).

Sort: Relevance Newest Treatment

Williams v. Countrywide Home Loans, Inc., 504 F. Supp. 2d 176 (S.D. Tex. 2007). · cites it 2× “” 12 C.F.R. § 202.14 (a). The creditor must either (1) deliver the report or (2) give notice to the borrower that he or she has the right to receive the report.”

Helen Latimore v. Citibank Fed. Sav. Bank, Marcia Lundberg, & Ed Kernbauer, 151 F.3d 712 (7th Cir. 1998). “12 C.F.R. § 202.14 (c). So the presumption did not attach.”

Jones v. Citibank, Fed. Sav. Bank, 844 F. Supp. 437 (N.D. Ill. 1994). “DISCUSSION The parties do not seriously dispute that a two-year statute of limitations applies to each claim. By their express terms, the Equal Credit Opportunity Act, Fair Housing Act, and Regulation 202.”

Faulkner v. Glickman, 172 F. Supp. 2d 732 (D. Maryland 2001). “Pursuant to 12 C.F.R. § 202.14 (c), a creditor’s failure to comply with § 202.”

Edwards v. 360° Commc'ns, 189 F.R.D. 433 (D. Nev. 1999). “§ 1691e, Regulation B, 12 C.F.R. § 202.14 , and various analogous state statutes.”

Fed. Deposit Ins. v. Skotzke, 881 F. Supp. 364 (S.D. Ind. 1994). “12 C.F.R. § 202.14 (b)(2). A violation of 12 C.”

1305 Ridgewood, LLC v. Athas Capital Grp., Inc. (N.D. Cal. 2022). · cites it 2× “§ 1691(e)(1)-(2); 12 C.F.R. § 202.14 (a). 23 The applicant may be required to pay a reasonable fee to reimburse the creditor for the cost 24 of the appraisal.”

Kaitz v. Shane, 2 Mass. L. Rptr. 157 (Mass. Super. Ct. 1994). “, §1691e; 12 C.F.R. §202.14 . In their respective memoranda, the Shanes state that the loan’s purpose was to provide $200,000 to invest in LEP while the Kaitzes state that it was to fund the Shanes’ purchase of a family home.”

— 12 C.F.R. § 202.14(a) — 1 case

Williams v. Countrywide Home Loans, Inc., 504 F. Supp. 2d 176 (S.D. Tex. 2007). “” 12 C.F.R. § 202.14 (a). The creditor must either (1) deliver the report or (2) give notice to the borrower that he or she has the right to receive the report.”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.