7(a) Real Estate Appraisal Harmonization Act

Bill: 115-hr-6347
Sponsor: Rep. Evans, Dwight [D-PA-2]
Introduced: 2018-07-12 in the House
Policy area: Finance and Financial Sector
Subjects: Banking and financial institutions regulation
Government lending and loan guarantees
Real estate business
Small business

Summary:
action_date: 2018-07-12
text: 

7(a) Real Estate Appraisal Harmonization Act 

 
This bill amends the Small Business Act to revise the loan amount above which a real estate appraisal is required for a commercial real property securing a small business loan. Specifically, the bill ties the amount to the federal banking regulator appraisal threshold. (Currently, an appraisal is required for a loan of more than $250,000.)

action_date: 2018-09-12
text: 

7(a) Real Estate Appraisal Harmonization Act 

 
This bill amends the Small Business Act to revise the loan amount above which a real estate appraisal is required for a commercial real property securing a small business loan. Specifically, the bill ties the amount to the federal banking regulator appraisal threshold. (Currently, an appraisal is required for a loan of more than $250,000.)

action_date: 2018-09-25
text: 

7(a) Real Estate Appraisal Harmonization Act 

 
(Sec. 2) This bill amends the Small Business Act to revise the loan amount above which a real estate appraisal is required for a commercial real property securing a small business loan. Specifically, the bill ties the amount to the federal banking regulator appraisal threshold. (Currently, an appraisal is required for a loan of more than $250,000.)

action_date: 2018-12-21
text: 

7(a) Real Estate Appraisal Harmonization Act 

 
(Sec. 2) This bill amends the Small Business Act to revise the loan amount above which a real estate appraisal is required for a commercial real property securing a small business loan. Specifically, the bill ties the amount to the federal banking regulator appraisal threshold. (Currently, an appraisal is required for a loan of more than $250,000.)


Legislative actions:
action_date: 2018-12-21
text: Became Public Law No: 115-370.
action_date: 2018-12-21
text: Became Public Law No: 115-370.
action_date: 2018-12-21
text: Signed by President.
action_date: 2018-12-21
text: Signed by President.
action_date: 2018-12-21
text: Presented to President.
action_date: 2018-12-21
text: Presented to President.
action_date: 2018-12-20
text: Message on Senate action sent to the House.
action_date: 2018-12-19
text: Passed Senate without amendment by Voice Vote.
action_date: 2018-12-19
text: Passed/agreed to in Senate: Passed Senate without amendment by Voice Vote.
action_date: 2018-12-19
text: Senate Committee on Small Business and Entrepreneurship discharged by Unanimous Consent. (consideration: S7896-7897)
action_date: 2018-12-19
text: Senate Committee on Small Business and Entrepreneurship discharged by Unanimous Consent.(consideration: S7896-7897)
action_date: 2018-09-26
text: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
action_date: 2018-09-25
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2018-09-25
text: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H8803-8804)
action_date: 2018-09-25
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H8803-8804)
action_date: 2018-09-25
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 6347.
action_date: 2018-09-25
text: Considered under suspension of the rules. (consideration: CR H8803-8804)
action_date: 2018-09-25
text: Mr. Chabot moved to suspend the rules and pass the bill.
action_date: 2018-09-12
text: Placed on the Union Calendar, Calendar No. 731.
action_date: 2018-09-12
text: Reported by the Committee on Small Business. H. Rept. 115-940.
action_date: 2018-09-12
text: Reported by the Committee on Small Business. H. Rept. 115-940.
action_date: 2018-07-18
text: Ordered to be Reported.
action_date: 2018-07-18
text: Committee Consideration and Mark-up Session Held.
action_date: 2018-07-12
text: Referred to the House Committee on Small Business.
action_date: 2018-07-12
text: Introduced in House
action_date: 2018-07-12
text: Introduced in House

Enacted as: number: 115-370