IIB 

116TH CONGRESS 

1ST SESSION H. R. 2852 

IN THE SENATE OF THE UNITED STATES 

SEPTEMBER 11, 2019 

Received; read twice and referred to the Committee on Banking, Housing, and 

Urban Affairs 

AN ACT 

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, 


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1 SECTION 1. SHORT TITLE. 

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

3 Act of 2019’’. 

4 SEC. 2. APPRAISAL STANDARDS FOR SINGLE-FAMILY HOUS5 ING MORTGAGES. 

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

7 of section 202(g) of the National Housing Act (12 U.S.C. 

8 1708(g)) is amended— 

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

10 the following new subparagraph: 

11 ‘‘(A)(i) in the case of an appraiser for a 

12 mortgage for single-family housing, be certified 

13 or licensed by the State in which the property 

14 to be appraised is located; and 

15 ‘‘(ii) in the case of an appraiser for a 

16 mortgage for multifamily housing, be certified 

17 by the State in which the property to be ap18 praised is located; and’’; and 

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

20 the period at the end the following: ‘‘, which, in the 

21 case of appraisers for any mortgage for single-family 

22 housing, shall include completion of a course or sem23 inar that consists of not less than 7 hours of train24 ing regarding such appraisal requirements that is 

25 approved by the Course Approval Program of the 

26 Appraiser Qualifications Board of the Appraisal 


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1 Foundation or a State appraiser certifying and li2 censing agency’’. 

3 (b) COMPLIANCE WITH VERIFIABLE EDUCATION RE4 QUIREMENTS; GRANDFATHERING.—Effective beginning 

5 on the date of the effectiveness of the mortgagee letter 

6 or other guidance issued pursuant to subsection (c) of this 

7 section, notwithstanding any choice or approval of any ap8 praiser made before such date of enactment, no appraiser 

9 may conduct an appraisal for any mortgage for single10 family housing insured under title II of the National 

11 Housing Act (12 U.S.C. 1707 et seq.) unless such ap12 praiser is, as of such date of effectiveness, in compliance 

13 with— 

14 (1) all of the requirements under section 

15 202(g)(5) of such Act (12 U.S.C. 1708(g)(5)), as 

16 amended by subsection (a) of this section, including 

17 the requirement under subparagraph (B) of such 

18 section 202(g)(5) (relating to demonstrated 

19 verifiable education in appraisal requirements); or 

20 (2) all of the requirements under section 

21 202(g)(5) of such Act as in effect on the day before 

22 the date of the enactment of this Act. 

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

24 of the 240-day period beginning on the date of the enact25 ment of this Act, the Secretary of Housing and Urban 


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1 Development shall issue a mortgagee letter or other guid2 ance that shall— 

3 (1) implement the amendments made by sub4 section (a) of this section; 

5 (2) clearly set forth all of the specific require6 ments under section 202(g)(5) of the National 

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

8 section) for approval to conduct appraisals under 

9 title II of such Act for mortgages for single-family 

10 housing, which shall include— 

11 (A) providing that the completion, prior to 

12 the effective date of such mortgagee letter or 

13 guidance, of training meeting the requirements 

14 under subparagraph (B) of such section 

15 202(g)(5) (as amended by subsection (a) of this 

16 section) shall be considered to fulfill the re17 quirement under such subparagraph; and 

18 (B) providing a method for appraisers to 

19 demonstrate such prior completion; and 


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

2 the 180-day period beginning upon issuance of such 

3 mortgagee letter or guidance. 

Passed the House of Representatives September 10, 

2019. 

Attest: CHERYL L. JOHNSON, 

Clerk. 


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