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Originationmedium27% of exam

Parker is training a new MLO on appraisal and TILA — Appraisal Independence. Which statement is accurate?

Correct Answer

C) Provide valuation copies within the required timing

appraisal handling requires valuation independence and timely valuation copies. This item uses an exam-style scenario; any file details in the stem are illustrative and the governing rule controls the compliant response. The best answer is "Provide valuation copies within the required timing".

Answer Options
A
Apply the rule only after a regulator requests the file.
B
Treat the compliance requirement as optional because closing is near.
C
Provide valuation copies within the required timing
D
Continue processing without correcting the disclosure, licensing, compensation, or consumer-protection issue.

Why This Is the Correct Answer

appraisal handling requires valuation independence and timely valuation copies. This item uses an exam-style scenario; any file details in the stem are illustrative and the governing rule controls the compliant response. The best answer is "Provide valuation copies within the required timing".

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