HPML Appraisal Flip Coverage Flowchart

$25.00

Flowcharts provide an easy method to determine whether particular regulatory requirements apply to a specific transaction.  The HMPL Flip Coverage Flowchart will help to quickly and easily determine if a transaction is a flip transaction which has additional requirement under Regulation Z.  Use this in conjunction with the HPML Flip Second Appraisal Checklist to ensure compliance with the additional flip requirements.

Description

Flowcharts provide an easy method to determine whether particular regulatory requirements apply to a specific transaction.  The HMPL Flip Coverage Flowchart is an efficient and effective way of determining if a transaction is a higher-priced covered transaction as defined in Regulation Z.  The flowchart provides an easy-to-follow, step-by-step process considering each trigger to determine if a specific transaction is a flipped property requiring an additional appraisal under the HPML appraisal rules.

 

Reviewed 09-25-19

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