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Is an appraiser permitted to collect payment for the appraisal directly from the borrower?

April 26, 2017appraisal appraiser borrower collect directly payment permitted

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Is an appraiser permitted to collect payment for the appraisal directly from the borrower?

1 Answer

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No. AIR requires the lender or any third party specifically authorized by the lender to select, retain, and provide for all compensation to the appraiser.