Answer:
A customer may waive delivery of an appraisal without a reason as long as the waiver is collected at least 3 business days prior to consummation or account opening.
The Institution is permitted to offer every customer the opportunity to waive the delivery of the Appraisal and then follow what the customer decides. The Institution may provide a copy of an appraisal or other valuation at consummation/account opening.
Remember the delivery of the appraisal cannot be waived if the loan is HPML. In those cases, the borrower must receive the appraisal as soon as reasonably practicable and at least three business days prior to closing.
