Sponsors (12)
The bill modernizes and streamlines appraiser licensing and background checks through a centralized digital portal and federal channeling—reducing costs and administrative burden for states and licensees—while concentrating sensitive data and creating privacy, cybersecurity, fee, and state‑sovereignty risks.
State licensing agencies, appraisers, AMCs, and credential holders gain a single cloud portal for submitting and accessing licenses, renewals, exam results, letters of good standing, digital payments, and credentials, simplifying interactions and speeding renewals.
States can receive FBI criminal-history information through a single channeling agent, reducing duplicate DOJ/FBI contacts and lowering administrative burden for background checks.
Grants to States to connect their systems, plus an option to use an existing platform rather than building new software, reduce upfront integration and development costs and speed implementation.
Appraisers, state agencies, and taxpayers face greater cybersecurity and national-security risk because centralizing credentialing and criminal-history data increases the impact of any breach across multiple States.
Appraisers and individuals who submit fingerprints face elevated privacy and civil‑liberties risks because routing criminal-history checks through the Portal and collecting unique identifiers enables broader data matching, tracking across jurisdictions, and greater exposure of sensitive records.
Appraisers and AMCs may incur upfront user fees for credentialing and background checks, imposing additional costs on individuals and small businesses even if the program is intended to be revenue‑neutral.
Based on analysis of 2 sections of legislative text.
Requires a federal cloud Portal to centralize appraiser and AMC credentialing, background-checks, renewals, and letters of good standing and connect with State systems.
Official title: To amend the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to establish a Portal for Appraiser Credentialing and AMC Registration Information, and for other purposes.
Introduced September 19, 2025 by Barry D. Loudermilk · Last progress September 19, 2025
Creates a cloud-based national Portal for Appraiser Credentialing and AMC Registration Information run by the Appraisal Subcommittee to centralize licensing, certification, registration, renewals, payments, letters of good standing, and supporting documents for real estate appraisers and appraisal management companies (AMCs). The Portal must connect with State appraiser licensing agencies, support submission of education, experience, exams, and where required fingerprint-based FBI criminal-history checks, allow the Appraisal Subcommittee to act as a channel for DOJ/FBI criminal-history data, form an advisory committee, charge revenue-neutral user fees, and make grants to States to connect to the Portal while preserving State authority over credentialing decisions.