Sponsors (10)
The bill centralizes and digitalizes appraisal licensing to speed credentialing and reduce state implementation costs, but it concentrates sensitive personal and licensing data and may increase privacy, cybersecurity, cost, and state-sovereignty risks.
Appraisers, appraisal management companies (AMCs), and state licensing agencies will get a single cloud portal to submit and renew licenses, pay fees, receive letters of good standing, and (through ASC channeling) speed background checks, reducing paperwork and shortening credentialing and transaction timelines.
State governments will be able to receive federal grants and use existing platforms to connect to the portal, lowering state implementation costs and encouraging broader adoption.
Appraisers and state systems will benefit from a unique federal identifier that improves record-matching across states and education providers, reducing duplicate records and administrative errors.
Appraisers and taxpayers will need to submit fingerprints and other personal data to a centralized federal portal, increasing their risk of privacy harms if data are misused or exposed.
State governments, appraisers, and financial institutions will face greater cybersecurity risk because centralizing sensitive licensing and personal data creates a higher-value target whose breach could have widespread consequences.
Appraisers, AMCs, and possibly states will face new or higher fees to cover Portal operation and FBI-check costs, increasing operating expenses for small appraisal businesses and service providers.
Based on analysis of 2 sections of legislative text.
Creates a federal Portal run by the Appraisal Subcommittee to centralize appraiser credentials and AMC registrations, support payments, and coordinate FBI background checks with States.
Requires the Appraisal Subcommittee (ASC) to build and run a cloud-based Portal that centralizes license and certification applications, renewals, and AMC registrations, and connects with State appraiser licensing agencies for application, education, exam, experience, and background-check data. The Portal must support fee payments, issuance of letters of good standing, and submission of fingerprints for FBI criminal-history checks where State law requires them; the Attorney General will provide criminal-history information to States and the ASC may act as a channeling agent. The ASC must form an advisory committee, may charge reasonable user fees (kept revenue-neutral) and may make grants to help States connect, while States keep independent licensing authority.
Introduced September 19, 2025 by Barry D. Loudermilk · Last progress September 19, 2025