October 7, 2013 at 8:21 pm EDT
#4030
jholzknecht
Keymaster
Regulation B does not have appraisal rules for subordinate lien transactions. But remember if the transaction is a higher priced mortgage loan under regulation Z you have a very similar requirement to provide a notice regarding the appraisal and to give a copy of the appraisal that applies to both first and subordinate lien transactions.