I 
117TH CONGRESS 
1ST SESSION H. R. 3008 
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 require-
ment, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 7, 2021 
Mr. SHERMAN (for himself and Mr. TAYLOR) introduced the following bill; 
which was referred to the Committee on Financial Services 
A BILL 
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 com-
pliance with the existing appraiser education require-
ment, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Homebuyer Assistance 
Act of 2021’’. 
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SEC. 2. APPRAISAL STANDARDS FOR SINGLE-FAMILY HOUS-
ING MORTGAGES. 
(a) CERTIFICATION OR LICENSING.—Paragraph (5) 
of section 202(g) of the National Housing Act (12 U.S.C. 
1708(g)) is amended— 
(1) by striking subparagraph (A) and inserting 
the following new subparagraph: 
‘‘(A)(i) in the case of an appraiser for a 
mortgage for single-family housing, be certified 
or licensed by the State in which the property 
to be appraised is located; and 
‘‘(ii) in the case of an appraiser for a 
mortgage for multifamily housing, be certified 
by the State in which the property to be ap-
praised is located; and’’; and 
(2) in subparagraph (B), by inserting before 
the period at the end the following: ‘‘, which, in the 
case of appraisers for any mortgage for single-family 
housing, shall include completion of a course or sem-
inar that consists of not less than 7 hours of train-
ing regarding such appraisal requirements that is 
approved by the Course Approval Program of the 
Appraiser Qualifications Board of the Appraisal 
Foundation or a State appraiser certifying and li-
censing agency’’. 
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(b) COMPLIANCE WITH VERIFIABLE EDUCATION RE-
QUIREMENTS; GRANDFATHERING.—Effective beginning 
on the date of the effectiveness of the mortgagee letter 
or other guidance issued pursuant to subsection (c) of this 
section, notwithstanding any choice or approval of any ap-
praiser made before such date of enactment, no appraiser 
may conduct an appraisal for any mortgage for single- 
family housing insured under title II of the National 
Housing Act (12 U.S.C. 1707 et seq.) unless such ap-
praiser is, as of such date of effectiveness, in compliance 
with— 
(1) all of the requirements under section 
202(g)(5) of such Act (12 U.S.C. 1708(g)(5)), as 
amended by subsection (a) of this section, including 
the requirement under subparagraph (B) of such 
section 
202(g)(5) 
(relating 
to 
demonstrated 
verifiable education in appraisal requirements); or 
(2) all of the requirements under section 
202(g)(5) of such Act as in effect on the day before 
the date of the enactment of this Act. 
(c) IMPLEMENTATION.—Not later than the expiration 
of the 240-day period beginning on the date of the enact-
ment of this Act, the Secretary of Housing and Urban 
Development shall issue a mortgagee letter or other guid-
ance that shall— 
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(1) implement the amendments made by sub-
section (a) of this section; 
(2) clearly set forth all of the specific require-
ments under section 202(g)(5) of the National 
Housing Act (as amended by subsection (a) of this 
section) for approval to conduct appraisals under 
title II of such Act for mortgages for single-family 
housing, which shall include— 
(A) providing that the completion, prior to 
the effective date of such mortgagee letter or 
guidance, of training meeting the requirements 
under subparagraph (B) of such section 
202(g)(5) (as amended by subsection (a) of this 
section) shall be considered to fulfill the re-
quirement under such subparagraph; and 
(B) providing a method for appraisers to 
demonstrate such prior completion; and 
(3) take effect not later than the expiration of 
the 180-day period beginning upon issuance of such 
mortgagee letter or guidance. 
Æ 
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