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In the past, borrowers could only get a copy of the appraisal report completed for their residential mortgage application only if they requested one. Now the applicant no longer has to request a copy, they are entitled to a copy automatically.

In January 2014, the Consumer Financial Protection Bureau (CFPB) implemented its final rule requiring creditors to provide applicants free copies of all appraisals and other written valuations developed in connection with an application for a loan to be secured by a first lien on a dwelling.

The borrowers will receive a copy even if the mortgage never closed. Here’s a consumer guide for the new requirement.

It should be pointed out that the lender is the one required to provide a report copy to the borrower, not the original appraiser.