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To waive certain requirements with respect to in-person appraisals, and for other purposes.

USA116th CongressHR-6369| House 
| Updated: 3/23/2020
Brad Sherman

Brad Sherman

Democratic Representative

California

Cosponsors (1)
Maxine Waters (Democratic)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill allows interior inspection appraisal requirements with respect to certain loans to be waived through the end of the COVID-19 (i.e., coronavirus disease 2019) emergency period if specified requirements are met. An interior inspection may be waived if (1) an exterior inspection is performed in conjunction with certain contemporaneous verifications, such as video or photographs by the borrower; and (2) an interior inspection may be ordered at a later date.
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Timeline
Mar 23, 2020
Introduced in House
Mar 23, 2020
Referred to the House Committee on Financial Services.
  • March 23, 2020
    Introduced in House
  • March 23, 2020
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Related Bills

  • HR 116-6379: Workforce Emergency Response Act of 2020
  • HR 116-6791: COVID-19 Safe Home Appraisal Act of 2020
  • HR 116-6321: Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act
Administrative law and regulatory proceduresBanking and financial institutions regulationCardiovascular and respiratory healthEmergency medical services and trauma careFederal Housing Finance AgencyHousing finance and home ownershipInfectious and parasitic diseasesPhotography and imaging

To waive certain requirements with respect to in-person appraisals, and for other purposes.

USA116th CongressHR-6369| House 
| Updated: 3/23/2020
This bill allows interior inspection appraisal requirements with respect to certain loans to be waived through the end of the COVID-19 (i.e., coronavirus disease 2019) emergency period if specified requirements are met. An interior inspection may be waived if (1) an exterior inspection is performed in conjunction with certain contemporaneous verifications, such as video or photographs by the borrower; and (2) an interior inspection may be ordered at a later date.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 23, 2020
Introduced in House
Mar 23, 2020
Referred to the House Committee on Financial Services.
  • March 23, 2020
    Introduced in House
  • March 23, 2020
    Referred to the House Committee on Financial Services.
Brad Sherman

Brad Sherman

Democratic Representative

California

Cosponsors (1)
Maxine Waters (Democratic)

Financial Services Committee

Finance and Financial Sector

Related Bills

  • HR 116-6379: Workforce Emergency Response Act of 2020
  • HR 116-6791: COVID-19 Safe Home Appraisal Act of 2020
  • HR 116-6321: Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative law and regulatory proceduresBanking and financial institutions regulationCardiovascular and respiratory healthEmergency medical services and trauma careFederal Housing Finance AgencyHousing finance and home ownershipInfectious and parasitic diseasesPhotography and imaging