H.R. 6347 · 115th Congress
7(a) Real Estate Appraisal Harmonization Act
- Stage
- Signed by the president
- Sponsor
- Dwight Evans
- Introduced
- 2018-07-12
- Latest action
- 2018-12-21 · Presented to President.
Summary
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.)