Does the Code specifically prohibit a lender from ordering a second appraisal?
No. Section I.B(9) only prohibits a lender from ordering a second appraisal if the lender is attempting to influence the outcome of the first appraisal or for the purpose of value shopping. For risk mitigation of certain loan products, it may be a common practice for a lender to order more than one appraisal, and the Code does not prohibit that practice.
