Sponsors (3)
The bill strengthens appraisal oversight, transparency, and workforce development—improving valuation reliability for borrowers and taxpayers—at the cost of higher short-term fees and compliance/admin burdens, privacy risks, and implementation uncertainty that may slow transactions and unevenly distribute benefits.
Homebuyers, FHA borrowers, and taxpayers will see more reliable appraisals and stronger program oversight because the bill raises appraisal standards for FHA appraisals, clarifies Appraisal Subcommittee authority, and funds oversight activities.
Homebuyers and lenders gain better transparency when choosing appraisers because the national registry and public disciplinary records are expanded and standardized.
State-certified appraisers and the overall appraisal workforce can expand capacity because the bill formalizes trainee delegation pathways and creates clearer credentialing mobility across states.
Homebuyers and borrowers could face higher out-of-pocket appraisal costs and slower mortgage closings because tighter education/licensing requirements and new registry fees may reduce the short-term supply of approved appraisers and increase fees.
State licensing agencies and governments will incur administrative and IT costs to implement new registry reporting, approve prior‑compliance demonstrations, and administer grant programs.
Homeowners and small appraisal businesses face variable appraisal quality risk because allowing substantive work by unlicensed trainees (even with supervising-appraiser liability) may increase the chance of errors or disputes.
Based on analysis of 6 sections of legislative text.
Tightens FHA appraiser certification and education rules, creates a trainee credential, expands Appraisal Subcommittee fee and grant authority, and requires state reporting to a national registry.
Introduced November 12, 2025 by Byron Donalds · Last progress November 12, 2025
Sets new rules for the appraisal industry: requires FHA appraisers to be state‑certified or -licensed, adds an FHA‑specific education requirement (with a narrow grandfathering exception), creates a defined State credentialed trainee appraiser category, requires states to report credentialing and disciplinary data to the national registry, gives the Appraisal Subcommittee authority to adjust registry fees (with approval) and to make grants for workforce development, and makes related technical changes to appraisal oversight statutes. HUD must issue implementing mortgagee guidance within 240 days of enactment and the mortgagee letter must take effect within 180 days of issuance; appraiser compliance begins on that effective date.