Valuations - When do I have to start following this valuations rule?

Compliance > Regulation B - ECOA
Q:  When do I have to start following this valuations 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.
Information to support this Q&A can be found in Regulation B, which may be found here:   Additional support was located in the CFPB's ECOA Valuations Rule Small Entity Compliance Guide, which can be found by accessing the Bureau's Mortgage Resources webpage, which may be found here:  

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