JGo9 provided an excellent answer, but, out of an abundance of caution, I advise that the notice be provided with the adverse action notice. It appears unneeded, since as JGo9 points out – there is no appraisal. But some examiners watch the latter of the law and the regulation states, “A creditor that provides appraisal reports only upon request shall notify an applicant in writing of the right to receive a copy of an appraisal report. The notice may be given at any time during the application process but no later than when the creditor provides notice of action taken under §202.9 of this regulation.”
