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Recent question submitted by a subscriber:
I need your help – is there an exemption in Reg B from the requirement to provide the applicant with the appraisal notice within three business days of the application date if the application is denied or withdrawn within the three business days? If so, I can’t find it. It makes sense to me that you wouldn’t have to give that notice, especially if you haven’t ordered the appraisal, if it’s withdrawn or denied within three days, but I’m either overlooking it or just going crazy!
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