6/7/2009 - Appraisal Notification & Acknowledgement Form

Link: Appraisal Notification & Acknowledgement Form (Required...signed by borrower and received as PTC Condition)

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Lender: GATEWAY MORTGAGE GROUP LLC

Loan Number:

Borrower(s):

Property Address:

Appraisal Notification and Acknowledgment

Pursuant to the Home Valuation Code of Conduct (“HVCC”) adopted by Fannie Mae

and Freddie Mac, effective May 1, 2009, you are entitled to receive a copy of the

appraisal report concerning the property subject to your loan transaction. This must be

provided to you at no additional cost and at least three (3) days prior to the closing of

your loan.

Under the HVCC, you may also waive this three-day requirement.

Please select the appropriate option below by placing an “X” on the line in front of the

statement.

_________ The undersigned borrower(s) hereby acknowledge that he/she/they

received the appraisal report at least three (3) days prior to the closing of the loan.

_________ The undersigned borrower(s) hereby waive their right to receive a copy of

their appraisal report prior to closing, but reserve all other rights they have to receive the

appraisal pursuant to the Equal Credit Opportunity Act.

In either event above noted, the undersigned borrower(s) acknowledge that the lender

may require the undersigned borrower(s) to reimburse the lender for the cost of the

appraisal.

Borrower Date