I 
116TH CONGRESS 
2D SESSION 
H. R. 6369 
To waive certain requirements with respect to in-person appraisals, and for 
other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MARCH 23, 2020 
Mr. SHERMAN introduced the following bill; which was referred to the 
Committee on Financial Services 
A BILL 
To waive certain requirements with respect to in-person 
appraisals, 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. FINDING. 
The Congress finds that as the country continues to 
grapple with the impact of the spread of COVID–19, sev-
eral adjustments are needed to ensure that mortgage proc-
essing can continue to function without significant delays, 
despite requirements that would otherwise require in-per-
son interactions. 
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SEC. 2. WAIVER OF IN-PERSON REQUIREMENTS. 
(a) WAIVER.— 
(1) IN
GENERAL.—Until the end of the 
COVID–19 emergency, any appraisal that is con-
ducted for a loan with respect to which applicable 
law would otherwise require the performance of an 
interior inspection may be performed without an in-
terior inspection, if— 
(A) an exterior inspection is performed in 
conjunction with other methods to maximize 
credibility, including verifiable contemporaneous 
video or photographic documentation by the 
borrower and borrower observations; and 
(B) the applicable lender, guarantor, regu-
lating agency, or insurer may order additional 
services to include an interior inspection at a 
later date. 
(2) STIPULATION.—An appraiser conducting an 
appraisal without an interior inspection pursuant to 
this section shall stipulate an extraordinary assump-
tion that the property’s interior quality, condition, 
and physical characteristics are as described and 
consistent with the exterior view, and shall employ 
all available methods to maximize accuracy while 
maintaining safety. 
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(b) RULEMAKING.—Not later than the end of the 1- 
week period beginning on the date of enactment of this 
Act, the Federal Housing Commissioner of the Federal 
Housing Agency and the Director of the Federal Housing 
Finance Agency shall issue such rules or guidance as may 
be necessary to ensure that such agencies, the Federal 
Home Loan Mortgage Corporation, the Federal National 
Mortgage Association, and the Federal home loan banks 
make any adjustments to mortgage processing require-
ments that may be necessary to provide flexibility to avoid 
in-person interactions while preserving the goals of the 
programs and consumer protection. 
(c) COVID–19 EMERGENCY DEFINED.—In this sec-
tion, the term ‘‘COVID–19 emergency’’ means the period 
that begins upon the date of the enactment of this Act 
and ends on the date of the termination by the Federal 
Emergency Management Agency of the emergency de-
clared on March 13, 2020, by the President under the 
Robert T. Stafford Disaster Relief and Emergency Assist-
ance Act (42 U.S.C. 4121 et seq.) relating to the 
Coronavirus Disease 2019 (COVID–19) pandemic. 
Æ 
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