Appendix B to Subpart G - Illustrative Written Source Documents for Higher-Priced Mortgage Loan Appraisal Rules  


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  • A creditor acts with reasonable diligence under §34.203(d)(6)(i) if the creditor bases its determination on information contained in written source documents, such as:

    1. A copy of the recorded deed from the seller.

    2. A copy of a property tax bill.

    3. A copy of any owner's title insurance policy obtained by the seller.

    4. A copy of the RESPA settlement statement from the seller's acquisition (i.e., the HUD-1 or any successor form).

    5. A property sales history report or title report from a third-party reporting service.

    6. Sales price data recorded in multiple listing services.

    7. Tax assessment records or transfer tax records obtained from local governments.

    8. A written appraisal performed in compliance with §34.203(c)(1) for the same transaction.

    9. A copy of a title commitment report detailing the seller's ownership of the property, the date it was acquired, or the price at which the seller acquired the property.

    10. A property abstract.