The focus of this guide is the ECOA Valuations Rule (with a limited discussion of a related rule under TILA). This guide does not discuss other federal or state laws governing consumer access to appraisals and other written valuations.
The new rule applies to all written valuations (not just appraisals) that you develop in connection with an application for covered transaction. It covers all first liens on dwellings, including closed-end mortgage loans and open-end loans.