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Under appraisal independence rules, a person who prepares a valuation must generally be compensated at:
a.The lowest fee the lender can negotiate
b.A fee set entirely by the loan originator
c.No fee at all
d.A rate that is customary and reasonable for the geographic market
Giải thích
The Dodd-Frank appraisal independence provisions require that fee appraisers be paid a rate that is customary and reasonable for appraisal services performed in the geographic market where the property is located. This protects appraiser independence by preventing pressure through artificially low fees. Loan originators cannot unilaterally suppress the fee.
Trích dẫn luật: Appraisal Independence Requirements (TILA / Reg Z 1026.42)Luyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
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