§ 6.1-2.13:3. Disclosure of charges for appraisal or valuation using automated or other valuation mechanis...
Any lender providing a loan secured by a first deed of trust or mortgage on real estate containing not more than four residential dwelling units shall disclose on the settlement statement, as that term is defined in § 6.1-2.20, any fee charged to the borrower for an appraisal as that term is defined in § 54.1-2009, and any fee charged to the borrower for a valuation or opinion of value of the property prepared using an automated or other mechanism prepared by a person who is not licensed as an appraiser under Chapter 20.1 (§ 54.1-2009 et seq.) of Title 54.1.
(2008, c. 400.)
Sections: Previous 6.1-2.10 6.1-2.11 6.1-2.12 6.1-2.13 6.1-2.13:1 6.1-2.13:2 6.1-2.13:3 6.1-2.14 6.1-2.15 NextLast modified: April 16, 2009