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Appraiser Independence Requirements


Pursuant to the Truth In Lending Act (TILA) as amended by Dodd-Frank, lenders (and agents acting on behalf of lenders) must comply with prohibitions of valuation coercion and with other federal provisions, for certain transactions. The TILA language (Regulation Z, 1026.42) may be viewed on the cfpb.gov website:

TILA 1026.42[/vc_column_text]
[vc_column_text]Other entities, states, and agencies also include Appraiser Independence Requirements (AIR) in their lending and valuation requirements, that apply to the lender, its agent, and/or the appraiser.[/vc_column_text][/vc_column][/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″][vc_column centered_text=”true” column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ width=”1/4″ tablet_text_alignment=”default” phone_text_alignment=”default”][nectar_btn size=”large” open_new_tab=”true” button_style=”regular” button_color_2=”Accent-Color” icon_family=”none” url=”https://www.fanniemae.com/content/fact_sheet/appraiser-independence-requirements.pdf” text=”Fannie Mae Appraiser Independence Guidelines”][/vc_column][vc_column centered_text=”true” column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ width=”1/4″ tablet_text_alignment=”default” phone_text_alignment=”default”][nectar_btn size=”large” open_new_tab=”true” button_style=”regular” button_color_2=”Accent-Color” icon_family=”none” url=”https://www.fanniemae.com/content/faq/appraiser-independence-requirements-faqs.pdf” text=”Fannie Mae AIR Frequently Asked Questions”][/vc_column][vc_column centered_text=”true” column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ width=”1/4″ tablet_text_alignment=”default” phone_text_alignment=”default”][nectar_btn size=”large” open_new_tab=”true” button_style=”regular” button_color_2=”Accent-Color” icon_family=”none” url=”https://portal.hud.gov/hudportal/documents/huddoc?id=40001HSGH.pdf” text=”FHA Safeguards for Appraiser Independence (in Handbook 4000.1)”][/vc_column][vc_column centered_text=”true” column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ width=”1/4″ tablet_text_alignment=”default” phone_text_alignment=”default”][nectar_btn size=”large” open_new_tab=”true” button_style=”regular” button_color_2=”Accent-Color” icon_family=”none” url=”http://www.freddiemac.com/singlefamily/appraiser_independence_faq.html” text=”Freddie Mac Appraiser Independence Guidelines”][/vc_column][/vc_row]