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Proposed Reg. B Amendments Concerning Appraisals
Overview:
Under the Dodd-Frank Act, Equal Credit Opportunity Act (ECO) is amended to require creditors to automatically provide
applicants with a copy
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Who needs the proposed regulation?
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Proposed reg refers to proposed regulation, a rule or regulation that is being considered for implementation.
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The purpose of proposed reg is to seek feedback and input from stakeholders before finalizing a regulation.
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The information required on proposed reg typically includes details about the proposed regulation, its potential impact, and reasoning behind it.
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