COVID-19 Safe Home Appraisal Act of 2020
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (May 8, 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.
What just happenedSep 30, 2020
Referred to the Subcommittee on Economic Opportunity.
Who’s behind it
- Introduced in HouseMay 8, 2020
- Sep 30, 2020Committee
Referred to the Subcommittee on Economic Opportunity.
Economic Opportunity Subcommittee - May 8, 2020IntroReferralH11100
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.
Veterans' Affairs Committee - May 8, 2020IntroReferralH11100
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.
Financial Services Committee - May 8, 2020IntroReferralIntro-H
Introduced in House
- May 8, 2020IntroReferral1000
Introduced in House