Illustrative Written Source Documents for Higher-Priced Mortgage Loan Appraisal Rules

A creditor acts with reasonable diligence under § 1026.35(c)(4)(vi)(A) if the creditor bases its determination on information contained in written source documents, such as: 1. A copy of the recorded deed from the seller. 2. A copy of a property tax bill. 3. A copy of any owner's title insurance policy obtained by the seller. 4. A copy of the RESPA settlement statement from the seller's acquisition ( i.e., the HUD-1 or any successor form). 5. A property sales history report or title report from a third-party reporting service. 6. Sales price data recorded in multiple listing services. 7. Tax assessment records or transfer tax records obtained from local governments. 8. A written appraisal performed in compliance with § 1026.35(c)(3)(i) for the same transaction. 9. A copy of a title commitment report detailing the seller's ownership of the property, the date it was acquired, or the price at which the seller acquired the property. 10. A property abstract. [78 FR 10444, Feb. 13, 2013]