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116-hr-6791116th Congress

COVID-19 Safe Home Appraisal Act of 2020

Sponsored By: Representative Sherman, Brad [D-CA-32]

Unknown

Summary

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.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Sherman, Brad [D-CA-32]

CA • D

Cosponsors

  • Rep. Waters, Maxine [D-CA-43]

    CA • D

    Sponsored 5/8/2020

Roll Call Votes

No roll call votes available for this bill.

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