,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #fcfi  ,,in ,,the ,,house ,,of  
,,representatives  ,march #bc1 #bjbj,mr4
 ,sherman introduced the following bill2
 which was referred to the ,committee on
 ,financial ,services  ,a ,,bill  ,to   
waive certain requirements with respect 
to in-person appraisals1 and for other  
purposes4  #a4 ,finding ,the ,congress  
finds that as the country continues to  
grapple with the impact of the spread of
 ,,covid-#ai1 several adjustments are   
needed to ensure that mortgage          
processing can continue to function     
without significant delays1 despite     
requirements that would otherwise       
require in-person interactions4  #b4    
,waiver of in-person requirements  7a7  
,waiver  7#a7 ,in general ,until the end
 of the ,,covid-#ai emergency1 any      
appraisal that is conducted for a loan  
with respect to which applicable law    
would otherwise require the performance 
of an interior inspection may be        
performed without an interior           

inspection1 if-- 7,a7 an exterior       
inspection is performed in conjunction  
with other methods to maximize          
credibility1 including verifiable       
contemporaneous video or photographic   
documentation by the borrower and       
borrower observations2 and  7,b7 the    
applicable lender1 guarantor1 regulating
 agency1 or insurer may order additional
 services to include an interior        
inspection at a later date4  7#b7       
,stipulation ,an appraiser conducting an
 appraisal without an interior          
inspection pursuant to this section     
shall stipulate an extraordinary        
assumption that the property's interior 
quality1 condition1 and physical        
characteristics are as described and    
consistent with the exterior view1 and  
shall employ all available methods to   
maximize accuracy while maintaining     
safety4  7b7 ,rulemaking ,not later than
 the end of the #a-week period beginning
 on the date of enactment of this ,act1 
the ,federal ,housing ,commissioner of  

the ,federal ,housing ,agency and the   
,director of the ,federal ,housing      
,finance ,agency shall issue such rules 
or guidance as may be necessary to      
ensure that such agencies1 the ,federal 
,home ,loan ,mortgage ,corporation1 the 
,federal ,national ,mortgage            
,association1 and the ,federal home loan
 banks make any adjustments to mortgage 
processing requirements that may be     
necessary to provide flexibility to     
avoid in-person interactions while      
preserving the goals of the programs and
 consumer protection4  7c7 ,,covid-#ai  
emergency defined ,in this section1 the 
term ,,covid-#ai emergency means the    
period that begins upon the date of the 
enactment of this ,act and ends on the  
date of the termination by the ,federal 
,emergency ,management ,agency of the   
emergency declared on ,march #ac1 #bjbj1
 by the ,president under the ,robert ,t4
 ,stafford ,disaster ,relief and        
,emergency ,assistance ,act 7#db        
,u4,s4,c4 #daba et seq47 relating to the

 ,coronavirus ,disease #bjai            
7,,covid-#ai7 pandemic4