Appraisal Modernization Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsor
- 1
- Latest action
- Nov 7, 2025
What it does
The Appraisal Modernization Act would amend the Truth in Lending Act to give consumers the right to request a reconsideration of value or a subsequent appraisal if they believe an appraisal is unsupported, deficient due to unacceptable practices, or reflects discrimination, requiring creditors to establish review procedures and retain related documentation for seven years. It would also mandate a feasibility study by the Comptroller General on creating a national public appraisal database consolidating data from federal housing agencies to assess whether valuation professionals are serving the housing market efficiently and consistently for all applicants and communities. The bill affects…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.