7(a) Real Estate Appraisal Harmonization Act
USA115th CongressS-3552| Senate
| Updated: 12/19/2018
James E. Risch
Republican Senator
Idaho
Small Business and Entrepreneurship Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
7(a) Real Estate Appraisal Harmonization Act 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.)
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Committee on Small Business and Entrepreneurship. Ordered to be reported without amendment favorably.
Committee on Small Business and Entrepreneurship. Reported by Senator Risch without amendment. Without written report.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 632.
By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-437.
Finance and Financial Sector
7(a) Real Estate Appraisal Harmonization Act
USA115th CongressS-3552| Senate
| Updated: 12/19/2018
7(a) Real Estate Appraisal Harmonization Act 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.)
Suggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Committee on Small Business and Entrepreneurship. Ordered to be reported without amendment favorably.
Committee on Small Business and Entrepreneurship. Reported by Senator Risch without amendment. Without written report.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 632.
By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-437.
James E. Risch
Republican Senator
Idaho
Small Business and Entrepreneurship Committee
Finance and Financial Sector
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted