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Sound off on appraisal fee separation
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On July 9, the Consumer Financial Protection Bureau (CFPB) released a 1,099-page proposed rule that combines the final proposal for the Good Faith Estimate and Settlement Forms and the new requirements as detailed in the Dodd-Frank Act, along with extensive guidance regarding compliance with those requirements. What does this mean for the appraisal industry that hopes to see more transparency through a separation of fees?
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