NAR submitted comments to the Consumer Financial Protection Bureau (CFPB) and the bank regulators on their request for input (RFI) proposing some improvements to the reconsideration of value (ROV) process.
The ROV process is critical for consumers to raise questions about potential errors or omissions in an appraisal and fundamental to confidence in the process.
NAR’s response:
Download NAR’s Letter to the CFPB and Bank Regulators (PDF: 202 KB)
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