COVID-19 Safe Home Appraisal Act of 2020
USA116th CongressHR-6791| House
| Updated: 9/30/2020
Brad Sherman
Democratic Representative
California
Cosponsors (1)
Financial Services Committee, Veterans' Affairs Committee, Economic Opportunity Subcommittee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
COVID-19 Safe Home Appraisal Act of 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; (2) an interior inspection may be ordered at a later date; and (3) an appraiser rejected the assignment due to health and safety concerns.
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Timeline
Introduced in House
Referred to the Committee on Financial Services, and in addition to the Committee on Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Subcommittee on Economic Opportunity.
Finance and Financial Sector
Administrative law and regulatory proceduresBanking and financial institutions regulationCardiovascular and respiratory healthDepartment of AgricultureDepartment of Housing and Urban DevelopmentDepartment of Veterans AffairsEmergency medical services and trauma careFederal Housing Finance AgencyHousing finance and home ownershipInfectious and parasitic diseasesPhotography and imaging
COVID-19 Safe Home Appraisal Act of 2020
USA116th CongressHR-6791| House
| Updated: 9/30/2020
COVID-19 Safe Home Appraisal Act of 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; (2) an interior inspection may be ordered at a later date; and (3) an appraiser rejected the assignment due to health and safety concerns.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the Committee on Financial Services, and in addition to the Committee on Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Subcommittee on Economic Opportunity.
Brad Sherman
Democratic Representative
California
Cosponsors (1)
Financial Services Committee, Veterans' Affairs Committee, Economic Opportunity Subcommittee
Finance and Financial Sector
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Administrative law and regulatory proceduresBanking and financial institutions regulationCardiovascular and respiratory healthDepartment of AgricultureDepartment of Housing and Urban DevelopmentDepartment of Veterans AffairsEmergency medical services and trauma careFederal Housing Finance AgencyHousing finance and home ownershipInfectious and parasitic diseasesPhotography and imaging