Under ECOA, a borrower can request a copy of the appraisal report used in the decision within how many days of a credit decision?

Under ECOA, a borrower can request a copy of the appraisal report used in the decision within how many days of a credit decision?

• A. 30 days
• B. 60 days
• C. 90 days
• D. 120 days

Answer: (C)

Under ECOA, borrowers have the right to obtain a copy of the appraisal report that was used to make the credit decision. This helps the applicant verify the valuation and spot any potential errors or bias in the appraisal. The key timing is that the borrower must request the copy within 90 days of the date of the credit decision. This 90-day window gives the applicant a reasonable period to review the appraisal while the decision is still fresh and allows for any needed review or follow-up. The lender is obligated to provide the copy upon a timely request within this period.

Under ECOA, borrowers have the right to obtain a copy of the appraisal report that was used to make the credit decision. This helps the applicant verify the valuation and spot any potential errors or bias in the appraisal.

The key timing is that the borrower must request the copy within 90 days of the date of the credit decision. This 90-day window gives the applicant a reasonable period to review the appraisal while the decision is still fresh and allows for any needed review or follow-up. The lender is obligated to provide the copy upon a timely request within this period.