source:
  type: regulation
  id: reg-b-1002.14
  authority: 12 CFR §1002.14 — Rules on providing appraisals and other valuations
  description: 'Regulation B §1002.14 sets [LENDER]''s borrower-copy-of-appraisal

    obligation for first-lien-on-a-dwelling credit (delivery timing,

    right-to-receive notice, no-charge rule, withdrawn/denied/

    incomplete coverage, electronic-copy permissibility).

    '
obligations:
- id: reg-b-1002.14-a
  canonical_id: reg-b-1002.14-a
  section: 12 CFR §1002.14(a)
  description: '(a): (a) Providing appraisals and other valuations —(1) In general. A creditor shall provide
    an applicant a copy of all appraisals and other written valuations developed in connection with an
    application for credit that is to be secured by a first lien on a dwelling . A creditor shall provide
    a copy of e…'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1002.14(a)(1)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1002.14
    snapshot_id: 1a6d7f1d8f311ce0
    fetched_at: '2026-05-22T18:23:03Z'
    content_hash: sha256:7880ef777df751287e53f017cf170bf825354cd92f3ecffaa58ea7be88b36d9c
    paragraph_quote: (a) Providing appraisals and other valuations —(1) In general. A creditor shall provide
      an applicant a copy of all appraisals and other written valuations developed in connection with
      an application for credit that is to be secured by a first lien on a dwelling . A creditor shall
      provide a copy of each such appraisal or other written valuation promptly upon completion, or three
      business days prior to consummation of the transaction (for closed-end credit) or account opening
      (for open-end credit), whichever is earlier. An applicant may waive the timing requirement in this
      paragraph (a)(1) and agree to receive any copy at or before consummation or account opening, except
      where otherwise prohibited by law. Any such waiver must be obtained at least three business days
      prior to consummation or account opening, unless the waiver pertains solely to the applicant 's
      receipt of a copy of an appraisal or other written valuation that contains only clerical changes
      from a previous version of the appraisal or other written valuation provided to the applicant three
      or more business days prior to consummation or account opening. If the applicant provides a waiver
      and the transaction is not consummated or the account is not opened, the creditor must provide these
      copies no later than 30 days after the creditor determines consummation will not occur or the account
      will not be opened. (2) Disclosure. For applications subject to paragraph (a)(1) of this section,
      a creditor shall mail or deliver to an applicant , not later than the third business day after the
      creditor receives an application for credit that is to be secured by a first lien on a dwelling
      , a notice in writing of the applicant 's right to receive a copy of all written appraisals developed
      in connection with the application . In the case of an application for credit that is not to be
      secured by a first lien on a dwelling at the time of application , if the creditor later determines
      the credit will be secured by a first lien on a dwelling , the creditor shall mail or deliver the
      same notice in writing not later than the third business day after the creditor determines that
      the loan is to be secured by a first lien on a dwelling . (3) Reimbursement. A creditor shall not
      charge an applicant for providing a copy of appraisals and other written valuations as required
      under this section, but may require applicants to pay a reasonable fee to reimburse the creditor
      for the cost of the appraisal or other written valuation unless otherwise provided by law. (4) Withdrawn,
      denied, or incomplete applications. The requirements set forth in paragraph (a)(1) of this section
      apply whether credit is extended or denied or if the application is incomplete or withdrawn. (5)
      Copies in electronic form. The copies required by § 1002.14(a)(1) may be provided to the applicant
      in electronic form, subject to compliance with the consumer consent and other applicable provisions
      of the Electronic Signatures in Global and National Commerce Act (E-Sign Act) ( 15 U.S.C. 7001 et
      seq. ).
    drafter_attestation: Verbatim subsection of 12 CFR §1002.14 from Cornell LII snapshot 1a6d7f1d8f311ce0;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: reg-b-1002.14-b
  canonical_id: reg-b-1002.14-b
  section: 12 CFR §1002.14(b)
  description: '(b): (b) Definitions. For purposes of paragraph (a) of this section: (1) Consummation.
    The term “consummation” means the time that a consumer becomes contractually obligated on a closed-end
    credit transaction . (2) Dwelling. The term “dwelling” means a residential structure that contains
    one to four unit…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1002.14(a)(1)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1002.14
    snapshot_id: 1a6d7f1d8f311ce0
    fetched_at: '2026-05-22T18:23:03Z'
    content_hash: sha256:7880ef777df751287e53f017cf170bf825354cd92f3ecffaa58ea7be88b36d9c
    paragraph_quote: '(b) Definitions. For purposes of paragraph (a) of this section: (1) Consummation.
      The term “consummation” means the time that a consumer becomes contractually obligated on a closed-end
      credit transaction . (2) Dwelling. The term “dwelling” means a residential structure that contains
      one to four units whether or not that structure is attached to real property. The term includes,
      but is not limited to, an individual condominium or cooperative unit, and a mobile or other manufactured
      home. (3) Valuation. The term “valuation” means any estimate of the value of a dwelling developed
      in connection with an application for credit . [ 78 FR 7248 , Jan. 31, 2013] Electronic Signatures
      in Global and National Commerce Act CFR Toolbox Law about... Articles from Wex Table of Popular
      Names Parallel Table of Authorities Accessibility About LII Contact us Advertise here Help Terms
      of use Privacy'
    drafter_attestation: Verbatim subsection of 12 CFR §1002.14 from Cornell LII snapshot 1a6d7f1d8f311ce0;
      body isolated between nav and notes; substring-verified.
  judgment: false
