A creditor acts with reasonable
diligence under section 226.43(d)(6)(i) if the creditor bases its
determination on information contained in written source documents,
such as:
1. A copy of the recorded
deed from the seller.
2. A copy of a property tax bill.
3. A copy of any owner’s title insurance
policy obtained by the seller.
4. A copy of the RESPA settlement statement
from the seller’s acquisition (i.e., the HUD-1 or any successor form).
5. A property sales history
report or title report from a third-party reporting service.
6. Sales price data recorded
in multiple listing services.
7. Tax assessment records or transfer tax
records obtained from local governments.
8. A written appraisal performed in compliance
with section 226.43(c)(1) for the same transaction.
9. A copy of a title commitment report
detailing the seller’s ownership of the property, the date it was
acquired, or the price at which the seller acquired the property.
10. A property abstract.
