I know the LE now replaces the right to receive an appraisal form. Do we need to have a form that the customer signs acknowledging?
There is no requirement that your customer sign or acknowledge receipt of the appraisal disclosure notice contained in the Other Considerations section of the LE. The appraisal notice contained in the LE satisfies the right to receive an appraisal notice requirements for Higher-priced mortgage loans (HPML) under Regulation Z and for loans secured by a first lien on a dwelling under Regulation B. Neither the Reg Z HMPL provisions or the Reg B provisions require that the appraisal notice be signed by the customer. That being said, separate appraisal notices (not built into the TRID disclosures) often included signature lines to demonstrate compliance but again, that signature is not a regulatory requirement.
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