Rhode Island § 19-9-3 § 19-9-3. Mortgages — Appraisal fees.

Rhode Island Statutes

§ 19-9-3 — § 19-9-3. Mortgages — Appraisal fees.

Rhode Island·Title 19 Financial institutions·Ch. 19-9 Community Obligations and Banking Offenses

§ 19-9-3. Mortgages — Appraisal fees.
(a) Every lending institution that accepts an application for a mortgage loan that requires
            the payment of an appraisal fee, shall, prior to the payment of the appraisal fee,
            inform the applicant that if the mortgage is not approved, the appraisal fee may not
            be refunded to the customer.
         
(b) Every lending institution that accepts an application for a mortgage loan and which,
            at the applicant's expense, engages a real estate appraiser to conduct an appraisal
            of the subject real estate shall, upon written request, provide the applicant with
            a copy of the appra

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§ 19-9-3. Mortgages — Appraisal fees.

(a) Every lending institution that accepts an application for a mortgage loan that requires the payment of an appraisal fee, shall, prior to the payment of the appraisal fee, inform the applicant that if the mortgage is not approved, the appraisal fee may not be refunded to the customer.

(b) Every lending institution that accepts an application for a mortgage loan and which, at the applicant's expense, engages a real estate appraiser to conduct an appraisal of the subject real estate shall, upon written request, provide the applicant with a copy of the appraisal.

Rhode Island § 19-9-3 (§ 19-9-3. Mortgages — Appraisal fees.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.