A common area of confusion is whether the Regulation B appraisal notice requirements apply to business-purpose/commercial loans.
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The answer is, “yes”, Regulation B does apply to BOTH consumer and commercial applications. But, you might be wondering what triggers the appraisal requirements and what those requirements entail?
Jerod explains more in the video.
Jerod is the leader of Banker’s Compliance Consulting’s training productions. He is a nationally recognized speaker. Whether it’s a conference, seminar, school, webinar, or luncheon, it’s easy to stay engaged when he presents due to the amount of passion and energy he brings to each and every compliance topic. Jerod has spoken on behalf of the American Bankers’ Association, BankersOnline, many state banking associations, private compliance groups, and financial institutions. He is a Certified Regulatory Compliance Manager (CRCM) and BankersOnline Guru.
Jerod likes to spend his time (between reading regulations and producing compliance training!) relaxing at the lake with his wife and three children, following their activities or engaged in something sports related!