Jack has applied for a refinance of his mortgage, which is secured by a first lien on his home. He asks if he can see the appraisal report that his lender ordered. Jack learns that:
a. He is only entitled to a copy of the appraisal if his loan application is denied
b. He must file a written request for a copy of the appraisal
c. The lender will provide a copy of the appraisal at closing
d. The lender must provide a copy of the appraisal upon completion or three business days prior to consummation, whichever is earlier
Ans: d. The lender must provide a copy of the appraisal upon completion or three business days prior to consummation, whichever is earlier
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