In the January 31, 2013 Federal Register (78 FR 7248), the Bureau of Consumer Financial Protection (CFPB) issued a final rule (the Appraisal Rule) that amends §1002.14 of Regulation B, the Form C-9 Notice, and the Official Interpretations to §1002.14 to require creditors to provide free copies of all written appraisals and other written valuations developed in connection with an application for a loan that is to be secured by a first lien on a dwelling. The Appraisal Rule also requires creditors to notify applicants in writing of the right to receive a copy of each written appraisal at no additional cost. The Appraisal Rule is effective January 18, 2014, and applies to loans to be secured by first liens on dwellings for which the creditor receives an application on or after January 18, 2014. Summary of §1002.14 of the Appraisal Rule The Appraisal Rule amends §1002.14 of Regulation B, its Official Interpretations, and the Form C-9 Notice to: • Cover applications for credit (closed-end credit and open-end credit) to be secured by a first lien on a dwelling (existing §1002.14 is not limited to first liens). • Require creditors to notify applicants in writing within three business days of receiving an application of their right to receive a copy of all written appraisals (existing §1002.14 permits notice anytime during application process).