Valuations – How can I deliver the valuation copies to the applicants?

Compliance > Regulation B - ECOA
Q:  How can I deliver the valuation copies to the applicants?
 
A:   Send the copies to the applicant’s last-known physical or electronic address. Delivery occurs three business days after you mail or transmit the copies, or whenever you have evidence indicating that the applicant received the copies.

For electronic delivery, you must obtain the applicant’s consent under the Electronic Signatures in Global and National Commerce Act (E-Sign Act). You will find information about E-Sign at http://www.fdic.gov/regulations/compliance/manual/pdf/X-3.1.pdf
 
 
 
This Q&A was located in the CFPB's ECOA Valuations Rule Small Entity Compliance Guide (which may be updated from time to time) that can be found by accessing the Bureau's Mortgage Resources webpage, which may be found here:  
 

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