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Fair Value and Independent Appraisal Act
A bill to diminish predatory lending by enhancing appraisal quality and standards, to improve appraisal oversight, to ensure mortgage appraiser independence, to provide for enhanced remedies and enforcement, and for other purposes.
previous 110th session of congress Other Bill Titles (2 more) 4/15/2008--Introduced.
Fair Value and Independent Appraisal Act - Amends the Truth in Lending Act to prohibit a creditor from extending a mortgage to any consumer without first obtaining a written appraisal of the property to be mortgaged, prepared in accordance with specified requirem... more
Committees
Amendments
This bill has no amendments.
Bill Status
| Introduced |  | Voted on by Senate | | Voted on by House | | Considered By President | | Bill Becomes Law |
| April 15, 2008 |
In the News
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Blog Coverage
October 06, 2008 Appraisal Independence
HR 3837 and its companion S.2860, the Fair Value and Independent Appraisal Act, will add important disclosure requirements, prohibit deceptive practices and improve appraisal standards. The Senate should quickly act on this proposal, ...
Source: Salt Lake City Real Estate Blog
September 16, 2008 Congresswoman Biggert promotes Appraisal Independence
HR 3837 and its companion S.2860, the Fair Value and Independent Appraisal Act, will add important disclosure requirements, prohibit deceptive practices and improve appraisal standards. The Senate should quickly act on this proposal, ...
Source: Appraisal Insight
July 12, 2008 Appraisal Scoop: IndyMac Bank Closed by OTS - FDIC Named Conservator
Write for Appraisal Scoop. Write for Appraisal Scoop · « S. 2860, Fair Value and Independent Appraisal Act - Amends the Truth in Lending Act | Main | Press Release: FDIC says IndyMac's conversion has been largely a non-event » ...
Source: Appraisal Scoop
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