Appraisal Fee Transparency Act of 2019
This bill revises provisions related to real estate appraisals. Specifically, the bill
- adds trainee appraisers to the National Registry of Appraisers,
- allows the Federal Financial Institutions Examination Council's Appraisal Subcommittee to adjust annual registry fees for appraisal management companies,
- requires the disclosure of appraisal fees in the case of an appraisal coordinated by an appraisal management company,
- allows nonprofit organizations and institutions of higher education to receive certain grants, and
- adds a designee of the Department of Veterans Affairs to the Appraisal Subcommittee.