S 2322
Appraisal Modernization Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 8:57 AM
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The Appraisal Modernization Act aims to improve the fairness and consistency of property appraisals across the housing market. It requires federal housing agencies to create a public database of appraisal data, including details about loan applications and property valuations. The bill also strengthens consumer rights by allowing borrowers to request a reconsideration of appraisals and mandates that lenders have procedures to address potential issues like discrimination or inaccurate appraisals. Finally, it modifies the Truth in Lending Act to provide a clearer process for borrowers to challenge appraisal values.
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