Which disclosure relates to the borrower's right to receive an appraisal copy?

The correct choice regarding the borrower's right to receive a copy of the appraisal is the Loan Estimate. Under the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA), lenders are required to provide borrowers with a Loan Estimate within three business days of receiving a mortgage application. This document includes important information about the loan, including estimated costs and fees, as well as clarity on the borrower's rights.

Specifically, the Loan Estimate informs borrowers that they have the right to receive a copy of any appraisal that is conducted for their loan application. This promotes transparency and ensures that borrowers are informed about the value assessments used by lenders in underwriting their loan products.

The Closing Disclosure, while also required and important, is provided later in the loan process, typically three business days before closing. It summarizes the actual terms of the loan and costs but does not initially inform borrowers about their rights to receive appraisal copies.

The Servicing Disclosure outlines the lender's policies regarding the servicing of the loan and is more about the ongoing management of the mortgage rather than the initial appraisal rights.

The Summary of Student Loan doesn’t relate to mortgage transactions directly and focuses on borrower education regarding student loans rather than appraisal disclosure within a real estate context. Thus, the