United States 116th Congress Status: In Committee Bipartisan · 3 R · 2 D · 1 I cosponsors

S 1722 — FHA Appraiser Eligibility Expansion Act

Last action — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S3255-3256)

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 116th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

FHA Appraiser Eligibility Expansion Act This bill modifies requirements for appraisers of Federal Housing Administration-insured mortgages. Currently, an appraiser must be certified by certain state or national entities. The bill removes the national entities from the list of approved certification entities and provides additional competency and education requirements.

Bill Text

How this bill changes current law

4 changes Share ↗

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill modifies appraiser standards under the National Housing Act by updating the requirements for State-licensed appraisers conducting FHA appraisals.

  • 12 U.S.C. 1708(g)(5)

    (A) be certified or licensed by the Secretary; → (A) be certified or licensed by the State in which the property to be appraised is located;

    This change shifts the certification and licensing requirement from the Secretary to the State level.

  • 12 U.S.C. 1708(g)(5)

    (B) be knowledgeable of the appraisal requirements established by the Secretary; → (B) be knowledgeable of the Uniform Standards of Professional Appraisal Practice and the appraisal requirements established by the Federal Housing Administration;

    This change updates the knowledge requirement to include both federal standards and the Uniform Standards of Professional Appraisal Practice.

  • 12 U.S.C. 1708(g)(5)

    (C) meet the competency requirements described in the appraisal requirements established by the Secretary; → (C) meet the competency requirements described in the Uniform Standards of Professional Appraisal Practice before accepting an assignment;

    This adjustment specifies that competency must align with nationally recognized appraisal standards before an appraiser can take assignments.

  • 12 U.S.C. 1708(g)(5)

    (D) have demonstrated verifiable education in the appraisal requirements established by the Secretary; → (D) have demonstrated verifiable education in the appraisal requirements established by the Federal Housing Administration under this subsection, which shall include the completion of a course or seminar that educates appraisers on those appraisal requirements and is provided by the Federal Housing Administration or is approved by the Course Approval Program of the Appraiser Qualification Board of the Appraisal Foundation or a State appraiser certifying and licensing agency.

    This change mandates specific education related to FHA appraisal requirements and allows for courses approved by recognized entities.

Action History

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S3255-3256)

Sponsors

Sponsorship breakdown

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1 sponsors · 5 co-sponsors · 541 not signed on

Sponsors (1)

Co-sponsors (5)

Not signed on (541)

541 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Subjects

housing
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Frequently asked questions

What does S 1722 do?
FHA Appraiser Eligibility Expansion Act This bill modifies requirements for appraisers of Federal Housing Administration-insured mortgages. Currently, an appraiser must be certified by certain state or national entities. The bill removes the national entities from the list of approved certification entities and provides additional competency and education requirements.
Who sponsors S 1722?
S 1722 is sponsored by Thune, John (Republican), Tester, Jon (Democratic), Hoeven, John (Republican), King, Angus S., Jr. (Independent), Rounds, Mike (Republican), and Smith, Tina (Democratic).
What is the current status of S 1722?
This bill died with 116th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track S 1722?
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