To amend the Federal Housing Enterprises Safety and Soundness Act of 1992 to require that financial institutions, appraisal management companies, appraisers, and other valuation professionals are serving the housing market in a manner that is efficient and consistent for all mortgage loan applicants, borrowers, and communities, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Federal Housing Enterprises Safety and Soundness Act of 1992 to
require that financial institutions, appraisal management companies, appraisers, and
other valuation professionals are serving the housing market in a manner that is
efficient and consistent for all mortgage loan applicants, borrowers, and communities,
and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Government Operations, Housing.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section S1: 1. Short title This Act may be cited as the Appraisal Modernization Act.
- Section id73a1cd948cc544c6a10dddfc50423454: 2. Public appraisal database The Federal Housing Enterprises Safety and Soundness Act of 1992 (12 U.S.C. 4501 et seq.) is amended by inserting after section...
- Section ide9936ea0f9544c29aeda3382d670499c: 1313C. Public appraisal database The purpose of this section is to provide the public, the Federal Government, and State governments with residential real...
- Section id613f4aa58b534594aea466c1de476a04: 3. Reconsideration of value Section 129E of the Truth In Lending Act (15 U.S.C. 1639e) is amended— by redesignating subsections (j) and (k) as subsections (k)...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Federal Housing Enterprises Safety and Soundness Act of 1992 to require that financial institutions, appraisal management companies, appraisers, and other valuation professionals are serving the housing market in a manner that is efficient and consistent for all mortgage loan applicants, borrowers, and communities, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Government Operations, Housing
Primary Purpose
This bill, To amend the Federal Housing Enterprises Safety and Soundness Act of 1992 to require that financial institutions, appraisal management companies, appraisers, and other valuation professionals are serving the housing market in a manner that is efficient and consistent for all mortgage loan applicants, borrowers, and communities, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedMr. Warnock (for himself, Ms. Alsobrooks, Ms. Blunt Rochester, Mr. …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "secretary_of_agriculture"
- → Secretary of Agriculture
- "secretary_of_housing_and_urban_development"
- → Secretary of Housing and Urban Development
Key Definitions
Terms defined in this bill
an appraisal report that—(i)uses unsupported or subjective terms to assess or rate the property without providing a foundation for analysis and contextual information
the submission of a consumer’s financial information for the purposes of obtaining an extension of credit.(2)DwellingThe term dwelling—(A)means a 1-to-4 unit residential structure, whether or not attached to real property
the submission of a consumer’s financial information for the purposes of obtaining an extension of credit. The term dwelling— means a 1-to-4 unit residential structure, whether or not attached to real property
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology