,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #fgia  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #h1 #bjbj,mr4    
,%]man 7= himself & ,ms4 ,wat]s7        
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices1 & 9
 addition to ! ,committee on ,vet]ans'  
,affairs1 = a p]iod to be subsequ5tly   
det]m9$ by ! ,speak]1 9 ea* case =      
consid]ation ( su* provisions z fall )9 
! jurisdiction ( ! committee conc]n$  ,a
 ,,bill  ,to waive c]ta9 requirem5ts )  
respect to 9-p]son appraisals1 & = o!r  
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,,covid-#ai ,safe ,home    
,appraisal ,act ( #bjbj4  #b4           
,congressional f9d+s ,! ,congress f9ds t
 z ! ,unit$ ,/ates cont9ues to grapple )
 ! impact ( ! spread ( ,coronavirus     
,disease #bjai 7,,covid-#ai71 sev]al    
adju/m5ts are ne$$ to ensure t mortgage 
process+ c cont9ue to function )\t      
significant delays1 despite requirem5ts 
t w\ld o!rwise require 9-p]son          
int]actions4  #c4 ,waiv] ( 9-p]son      

appraisal requirem5ts  7a7 ,waiv] ,dur+ 
! p]iod t beg9s ^u ! date ( ! enactm5t (
 ?is ,act & ends on ! date ( ! t]m9ation
 by ! ,f$]al ,em]g5cy ,managem5t ,ag5cy 
( ! em]g5cy decl>$ on ,m>* #ac1 #bjbj1  
by ! ,presid5t "u ! ,rob]t ,t4 ,/af=d   
,disa/] ,relief & ,em]g5cy ,assi/ance   
,act 7#db ,u4,s4,c4 #daba et seq47      
relat+ to ! ,coronavirus ,disease #bjai 
7,,covid-#ai7 p&emic1 any appraisal t is
 conduct$ = a loan = a s+le-family      
resid5tial prop]ty ) respect to :i*     
applicable law or policy w\ld o!rwise   
require ! p]=mance ( an int]ior         
inspection may be p]=m$ )\t an int]ior  
inspection1 if-- 7#a7 an ext]ior-only   
inspection appraisal is p]=m$ 9         
conjunction ) o!r me?ods1 includ+ borr[]
 7or prospective borr[]7 obs]vations or 
v]ifiable contemporane\s video or       
photographic docum5tation by ! borr[]   
7or prospective borr[]71 to ! ext5t !y  
are available2  7#b7 ! applicable l5d]1 
gu>antor1 regulat+ ag5cy1 or insur] may 
ord] additional s]vices to include an   

int]ior inspection at a lat] date2 &    
7#c7 ! l5d] c]tifies t an apprais]      
reject$ ! assignm5t ov] heal? & safety  
conc]ns relat$ to ,coronavirus ,disease 
#bjai 7,,covid-#ai74  7b7 ,exception to 
ext]ior only appraisals ,if an          
ext]ior-only inspection appraisal       
pursuant to subsection 7a77#a7 is       
prev5t$ by ,/ate or local laws or ord]s1
 a desktop appraisal %all be utiliz$ 9  
conjunction ) o!r me?ods1 includ+ borr[]
 7or prospective borr[]7 obs]vations or 
v]ifiable contemporane\s video or       
photographic docum5tation by ! borr[]   
7or prospective borr[]71 to ! ext5t !y  
are available4  7c7 ,/ipulation ,an     
apprais] conduct+ an appraisal )\t an   
int]ior inspection pursuant to ?is      
section %all /ipulate an extraord9>y    
assumption t ! prop]ty's int]ior        
quality1 condition1 & physical          
*>act]i/ics are z describ$ & consi/5t ) 
! ext]ior view1 & %all employ all       
available me?ods to maximize accuracy   
:ile ma9ta9+ safety4  7d7 ,rulemak+ ,n  

lat] ?an ! end ( ! #g-;day p]iod beg9n+ 
on ! date ( ! enactm5t ( ?is ,act1 !    
,secret>y ( ,h\s+ & ,urban ,developm5t1 
! ,secret>y ( ,agriculture1 ! ,secret>y 
( ,vet]ans ,affairs1 & ! ,director ( !  
,f$]al ,h\s+ ,f9ance ,ag5cy %all issue  
su* rules or guidance z may be necess>y 
to ensure t su* ag5cies1 ! ,f$]al ,home 
,loan ,mortgage ,corporation1 ! ,f$]al  
,national ,mortgage ,association1 & !   
,f$]al home loan banks make any         
adju/m5ts to s+le-family mortgage       
process+ requirem5ts t may be necess>y  
to provide flexibility to avoid 9-p]son 
int]actions :ile pres]v+ ! goals ( !    
programs & consum] protection4