When it comes to Regulation B’s, “Rules on providing appraisals and other valuations” (§1002.14), there are two separate requirements. The first is the disclosure which is to be mailed or delivered to the applicant within three business days after receiving an application. The second is the appraisal copy which must be provided promptly upon completion, or three days prior to loan consummation (closed-end credit) or account opening (open-end credit), whichever is earlier. While each of these requirements have their own compliance challenges, what often gets institutions in trouble is not knowing (or overlooking) when these requirements are triggered. One thing to keep in mind is that these requirements apply to both consumer and commercial loan applications.
Kevin explains more about coverage in the video.
Published 2026/07/09
