7(a) Real Estate Appraisal Harmonization Act
United States115th CongressHR-6347House of Representatives
Updated: Dec 21, 2018
Summary
7(a) Real Estate Appraisal Harmonization Act (Sec. 2) This bill amends the Small Business Act to revise the loan amount above which a real estate appraisal is required for a commercial real property securing a small business loan. Specifically, the bill ties the amount to the federal banking regulator appraisal threshold. (Currently, an appraisal is required for a loan of more than $250,000.)
Bill texts
Timeline
Latest companion bill action
S-3552: 7(a) Real Estate Appraisal Harmonization ActBy Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-437.
Message on Senate action sent to the House.
Senate
Presented to President.
House of Representatives
Became Public Law No: 115-370.
House of Representatives
Signed by President.
House of Representatives