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Bill > HR3561


US HR3561

US HR3561
To amend title 38, United States Code, to permit appraisers approved by the Secretary of Veterans Affairs to make appraisals for purposes of chapter 37 of such title based on inspections performed by third parties.


summary

Introduced
07/28/2017
In Committee
10/12/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

To amend title 38, United States Code, to permit appraisers approved by the Secretary of Veterans Affairs to make appraisals for purposes of chapter 37 of such title based on inspections performed by third parties. This bill directs the Department of Veterans Affairs (VA) to permit a VA-approved appraiser to make a housing loan appraisal based solely on information gathered by a person with whom the appraiser has entered into an agreement for such services.

AI Summary

This bill directs the Department of Veterans Affairs (VA) to permit a VA-approved appraiser to make a housing loan appraisal based solely on information gathered by a third-party with whom the appraiser has an agreement for such services. This would allow VA-approved appraisers to rely on inspections performed by third parties rather than having to conduct the inspections themselves for the purposes of the VA's home loan program (Chapter 37 of Title 38, United States Code).

Committee Categories

Military Affairs and Security

Sponsors (5)

Last Action

Ordered to be Reported in the Nature of a Substitute by Voice Vote. (on 10/12/2017)

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