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A customary and reasonable reissue from the CFPB? Possibly says ASA
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Thursday, January 5, 2012
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The CFPB quietly released an Interim Final Rule on Dec. 22 dealing with the
valuation independence requirements imposed by the Dodd-Frank Act, including the
law's "customary and reasonable" fee mandate. There was an interesting omission
in the latest reissue released by the bureau that made the American Society of
Appraisers take notice. Read on for the implications and clarification on
the latest movement by the bureau.
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