This notice is being provided to you pursuant to 12 CFR § 1002.14(a
We may order an appraisal to determine the property’s value and charge you for this appraisal. We will give you a copy of any appraisal or other written valuations promptly upon receipt, even if your loan does not close.
You can pay for an additional appraisal for your own use at your own cost.
You are entitled to receive copies of appraisal reports and other written valuations obtained in connection with your application for credit at least 3 business days prior to the time you become contractually obligated on the transaction (for closed-end credit) or account opening (for open-end credit), whichever is earlier. You have the right to waive the 3 business-day waiting period.
By signing below, I acknowledge the following:
1) obtained in connection with my loan application 3 or more business days prior to my loan closing;
I understand that I have the right to receive a copy of the appraisal reports and other written valuations
I am exercising my right to waive the 3 business day review period prior to closing; and
I understand that, regardless of whether I sign this waiver, I will receive a copy of the appraisal reports at or before closing.