Q: When do I have to start following this rule?
A: You must follow the ECOA Valuations Rule for applications received on or after January 18, 2014
. For example, an application received on January 17, 2014, for a loan not scheduled to close until February 2014, would not be covered by the ECOA Valuations Rule.
This can be found in the CFPB's ECOA Valuations Rule, Small Entity Compliance Guide - http://www.consumerfinance.gov/regulatory-implementation/