S. 3552 · 115th Congress
7(a) Real Estate Appraisal Harmonization Act
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
RischSponsorNo cosponsors.
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.)
What it does: CRS summary · Reported to Senate without amendment · Oct 11, 2018
7(a) Real Estate Appraisal Harmonization Act
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.)
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: 7(a) Real Estate Appraisal Harmonization Act
Latest action (Dec 19, 2018): By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-437.
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: Oct 5, 2018
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.