Timeframe for Credit Score Disclosure

Answered by:

Question:

What is the required timeframe to provide Credit Score Disclosure; Right to Receive Copy of Appraisal to borrower for a Land Only; Consumer Purpose; with Collateral of the Land?

Answer:

Credit Score Disclosure - depends if you are referring to the Risk Base Pricing Notice or the Exception Notice. Review 222.72 & .74.

Right to Receive Copy of Appraisal - this disclosure is not required for land only loans. Review 1002.14.

First published on BankersOnline.com 6/17/13