HR 6791 · 116th Congress · Finance and Financial Sector
COVID-19 Safe Home Appraisal Act of 2020
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Subcommittee on Economic Opportunity.(2020-09-30)
Plain Language Summary
[AI summary unavailable — showing source text]
COVID-19 Safe Home Appraisal Act of 2020 This bill allows interior inspection appraisal requirements with respect to certain loans to be waived through the end of the COVID-19 (i.e., coronavirus disease 2019) emergency period if specified requirements are met. An interior inspection may be waived if (1) an exterior inspection is performed in conjunction with certain contemporaneous verifications, such as video or photographs by the borrower; (2) an interior inspection may be ordered at a later date; and (3) an appraiser rejected the assignment due to health and safety concerns.…
Summarized by Claude AI · Non-partisan · For informational purposes only