HR 6369
To waive certain requirements with respect to in-person appraisals, and for other purposes.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill temporarily allows lenders to waive the requirement for in-person property appraisals during the ongoing COVID-19 emergency. It permits exterior inspections combined with borrower-provided video or photos to substitute for interior inspections, with the option for lenders to order a full interior inspection later. The bill also directs federal agencies to create guidelines for mortgage processing to minimize in-person interactions while maintaining program goals and consumer protection.
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