Rule gives consumers additional rights to information on how a home value is determined
WASHINGTON, D.C.—(ENEWSPF)—January 18, 2013. Today the Consumer Financial Protection Bureau (CFPB) adopted a new rule that requires mortgage lenders to provide applicants with free copies of all appraisals and other home-value estimates. The rule will ensure that consumers can receive information prior to closing about how the property’s value was determined.
“This rule will guarantee consumers can receive important information…
