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H.R.6347 - 7(a) Real Estate Appraisal Harmonization Act115th Congress (2017-2018) |

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Sponsor: Rep. Evans, Dwight [D-PA-2] (Introduced 07/12/2018)
Committees: House - Small Business | Senate - Small Business and Entrepreneurship
Committee Reports: H. Rept. 115-940
Latest Action: Senate - 09/26/2018 Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.  (All Actions)

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This bill has the status Passed House

Here are the steps for Status of Legislation:

  1. Introduced
  2. Passed House
  3. Passed Senate
  4. To President
  5. Became Law

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Summary: H.R.6347 — 115th Congress (2017-2018)All Information (Except Text)

Bill summaries are authored by CRS.

Shown Here:
Passed House without amendment (09/25/2018)

7(a) Real Estate Appraisal Harmonization Act

(Sec. 2) 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.)