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Does Section III require the lender to provide the borrower with the appraisal free of charge?

April 26, 2017appraisal borrower charge Free III Lender require section

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Does Section III require the lender to provide the borrower with the appraisal free of charge?

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No. Section III requires the lender to provide, free of charge, a “copy” of any appraisal report completed in association with a specific loan. The lender may require the borrower to reimburse the lender for the cost of the appraisal.