CFTEA

Appraisals: Reg Z Requirements

$55.00

SKU: 10150 Category:
Code: A2242SP

Description

Credit: 0.5 CLBB, CRCM

Description: Learn permitted and prohibited valuation-related activities, prohibition on conflicts of interest and additional valuation independence requirements, including the requirement of a physical visit and additional appraisals for flipped properties. This course covers:

  • Requirements for valuation independence
  • Additional requirements for higher-priced mortgage loans
  • Transactions that are exempt from the requirements related to written appraisals

Audience: Any bank personnel who order or review appraisals/evaluations. Loan officers, loan processors and bank employees who need a general understanding of the appraisal requirements under Regulation Z.

Learning Objectives
After completing this course, students will be able to:

  • Describe requirements for valuation independence
  • Describe additional appraisal requirements for higher-priced
  • mortgage loans
  • Identify transactions that are exempt from the requirements
  • related to written appraisals

Prerequisites: None

This course is part of the ABA Frontline Compliance program.

Updated: July 2021

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