I 

116TH CONGRESS 

1ST SESSION H. R. 2852 

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. 

IN THE HOUSE OF REPRESENTATIVES 

MAY 20, 2019 

Mr. SHERMAN introduced the following bill; which was referred to the 

Committee on Financial Services 

A BILL 

To amend the National Housing Act to authorize Statelicensed 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. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Homebuyer Assistance 

5 Act of 2019’’. 


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1 SEC. 2. APPRAISER STANDARDS. 

2 (a) CERTIFICATION OR LICENSING.—Paragraph (5) 

3 of section 202(g)(5) of the National Housing Act (12 

4 U.S.C. 1708(g)(5)) is amended— 

5 (1) by striking subparagraph (A) and inserting 

6 the following new subparagraph: 

7 ‘‘(A) be certified or licensed by the State 

8 in which the property to be appraised is located; 

9 and’’; and 

10 (2) in subparagraph (B), by inserting before 

11 the period at the end the following: ‘‘, which shall 

12 include completion of a course or seminar that con13 sists of not less than 7 hours of training regarding 

14 such appraisal requirements and is approved by the 

15 Course Approval Program of the Appraiser Quali16 fication Board of the Appraisal Foundation or a 

17 State appraiser certifying and licensing agency’’. 

18 (b) COMPLIANCE WITH VERIFIABLE EDUCATION RE19 QUIREMENTS.—Effective beginning on the date of the ef20 fectiveness of the mortgagee letter or other guidance 

21 issued pursuant to subsection (c) of this section, notwith22 standing any choice or approval of any appraiser made 

23 before such date of enactment, no appraiser may conduct 

24 an appraisal for any mortgage insured under title II of 

25 the National Housing Act (12 U.S.C. 1707 et seq.) unless 

26 such appraiser is in compliance with all of the requireVerDate Sep 11 2014 04:30 Jun 05, 2019 Jkt 089200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H2852.IH H2852

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1 ments under section 202(g)(5) of such Act (12 U.S.C. 

2 1708(g)(5)), as amended by subsection (a) of this section, 

3 including the requirement under subparagraph (B) of such 

4 section 202(g)(5) (relating to demonstrated verifiable edu5 cation in appraisal requirements). 

6 (c) IMPLEMENTATION.—Not later than the expiration 

7 of the 180-day period beginning on the date of the enact8 ment of this Act, the Secretary of Housing and Urban 

9 Development shall issue a mortgagee letter or other guid10 ance that shall— 

11 (1) implement the amendments made by sub12 section (a) of this section; 

13 (2) clearly set forth all of the specific require14 ments under section 202(g)(5) of the National 

15 Housing Act (as amended by subsection (a) of this 

16 section) for approval to conduct appraisals under 

17 title II of such Act, which shall include— 

18 (A) providing that the completion, prior to 

19 the effective date of such mortgagee letter or 

20 guidance, of training meeting the requirements 

21 under subparagraph (B) of such section 

22 202(g)(5) (as amended by subsection (a) of this 

23 section) shall be considered to fulfill the re24 quirement under such subparagraph; and 


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1 (B) providing a method for appraisers to 

2 demonstrate such prior completion; and 

3 (3) take effect not later than the expiration of 

4 the 180-day period beginning upon issuance of such 

5 mortgagee letter or guidance. 

Æ 


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