Homebuyer Assistance Act of 2019

To amend the National Housing Act to authorize State-licensed appraisers to conduct appraisals in connection with mortgages insured by the FHA and to require compliance with the existing appraiser education requirement, and for other purposes.

Subjects

Housing and Community Development

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Summary

Homebuyer Assistance Act of 2019

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 allows an appraiser for a mortgage for single-family housing to be state-licensed rather than state-certified to meet requirements. The bill also provides specified educational requirements for appraisers for mortgages for single-family housing.

Full Text

Legislative Actions

2019-05-20
Introduced in House
2019-05-20
Introduced in House
2019-05-20
Referred to the House Committee on Financial Services.
2019-07-11
Committee Consideration and Mark-up Session Held.
2019-07-11
Ordered to be Reported Without Recommendation (Amended) by Voice Vote.
2019-09-10
Mr. San Nicolas moved to suspend the rules and pass the bill, as amended.
2019-09-10
Considered under suspension of the rules. (consideration: CR H7572-7573)
2019-09-10
DEBATE - The House proceeded with forty minutes of debate on H.R. 2852.
2019-09-10
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
2019-09-10
Considered as unfinished business. (consideration: CR H7585-7586)
2019-09-10
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 419 - 5 (Roll no. 519).(text: CR H7572)
Roll Call #519 (House)
2019-09-10
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 419 - 5 (Roll no. 519). (text: CR H7572)
Roll Call #519 (House)
2019-09-10
Motion to reconsider laid on the table Agreed to without objection.
2019-09-11
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

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