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119-s-5639119th CongressWALLET

Portal for Appraisal Licensing Act of 2026

Sponsored By: Senator Rounds, Mike [R-SD]

Introduced

Summary

Creates a centralized Portal for appraiser credentialing and appraisal management company registration to streamline licensing, renewals, education records, and background checks. The Appraisal Subcommittee would build and operate the cloud-based system while states keep final licensing authority.

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  • Appraisers and appraisal management companies would submit and renew licenses, upload qualifying and continuing education, log experience, share exam results, and pay fees through one Portal. Background checks and fingerprints would flow through the Portal where state law requires them.
  • State appraiser licensing agencies would gain access to application and renewal data, letters of good standing, and CE approvals through a connected system. The Appraisal Subcommittee would offer grants to help states link their systems.
  • The Attorney General would provide criminal history to appropriate state officials and the Appraisal Subcommittee could act as a channeling agent to reduce direct FBI contacts. The Portal would allow user fees for setup, maintenance, and background checks, and an advisory committee of appraisers, AMCs, lenders, and state officials would guide development.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

New portal for appraisers and appraisal companies

If enacted, the bill would require the Appraisal Subcommittee to set up and run a cloud-based Portal for appraiser licenses, certifications, and appraisal management company registrations. You would be able to apply, renew, pay fees, and request letters of good standing through the Portal, and State agencies would see education, experience, exam, and background-check records. The bill would let the Subcommittee require fingerprints and process FBI background checks only when State law requires them, and it would allow reasonable user fees to cover Portal and required background-check costs. The Subcommittee would also provide grants to State agencies to help connect their systems, but States would keep final authority to approve licenses and registrations.

Sponsors & CoSponsors

Sponsor

Rounds, Mike [R-SD]

SD • R

Cosponsors

  • Sen. Cortez Masto, Catherine [D-NV]

    NV • D

    Sponsored 9/30/2026

Roll Call Votes

No roll call votes available for this bill.

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