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.
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... moreSee Full Bill Text
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 |
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Blog Coverage
July 04, 2008 S. 2860, Fair Value and Independent Appraisal Act - Amends the ...
One of the more interesting provisions of the S. 2860 Act is Sec. 2. Property Appraisal Requirements. Under that section it would amend Sec. 129 of the Truth in Lending Act (15 USC 1639) to require a written appraisal performed by a ...
Source: Appraisal Scoop
May 23, 2008 DING! We Have a Winner!
From including comparables far outside the usual range without substantial justification to adding imaginary outbuildings and other improvements and who knows what else. S. 2860 Fair Value and Independent Appraisal Act information. ...
May 23, 2008 All Players On Stage Please
S. 2860 Fair Value and Independent Appraisal Act information. Technorati Tags: economy,fha,finance,housing and urban development secretary,HUD,mortgage,mortgage crisis,Robert P Casey Jr,S 2860,Senator Casey.
Source: Morgan Mghee








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