To waive certain requirements with respect to in-person appraisals, and for other purposes.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Mar 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.
What just happenedMar 23, 2020
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseMar 23, 2020
- Mar 23, 2020IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Mar 23, 2020IntroReferralIntro-H
Introduced in House
- Mar 23, 2020IntroReferral1000
Introduced in House