Finance
The appraisal independence requirements under TILA (Dodd-Frank) prevent:
ABuyers from selecting an appraiser
BLenders and their agents from coercing, bribing, or improperly influencing appraisers✓ Correct
CAppraisers from declining assignments
DSellers from paying for the appraisal
Explanation
Appraisal independence rules (implemented post-financial crisis) prohibit anyone involved in the credit decision from improperly influencing the appraisal process—coercion, threats, or incentives to hit a target value are prohibited.
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