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Separating the fee symptoms from the cause: What do separate fees on forms really say?
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Wednesday, February 29, 2012
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The Consumer Financial Protection Bureau is testing prototype Good Faith Estimate and Settlement Forms – one version calls out and separates the fees paid to the appraiser and appraisal management company and the other version does not. The American Society of Appraisers and the National Association of Independent Fee Appraisers voiced their support of the fee separation on the forms, but as with many appraisal issues, there are two sides to each story...
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