Regulation B requires that a copy of the appraisal be provided to the consumer promptly upon completion, or three business days prior to consummation of the transaction. The regulation does not clearly define “promptly upon completion, but Comment 1002.14(a)(1)-5 includes several examples of promptly upon completion and each example clarifies that delivering the appraisal within one week after completion is considered prompt. Your 10-day delivery period exceeds the standard in the Comment. However, since you delivered it 3 days prior to consummation examiners are unlikely to find consumer harm in your practice.
