,,ii  #aag? ,,congress  #b;d ,session   
,h4 ,r4 #ggce  ,,9 ,,! ,,s5ate ,,( ,,!  
,,unit$ ,,/ates  ,septemb] #ae1         
#bjbb,receiv$  ,,an ,,act  ,to direct ! 
,secret>y ( ,vet]ans ,affairs to update 
! appraisal requirem5ts = c]ta9 loans   
gu>ante$ by ! ,dep>tm5t ( ,vet]ans      
,affairs1 & = o!r purposes4  #a4 ,%ort  
title ,?is ,act may be cit$ z ! ,improv+
 ,access to ! ,,va ,home ,loan ,b5efit  
,act ( #bjbb4  #b4 ,recomm5dations =    
improv+ appraisal deliv]y times ,n lat] 
?an #ij days aft] ! date ( ! enactm5t ( 
?is ,act1 ! ,secret>y ( ,vet]ans        
,affairs %all submit to ! ,committees on
 ,vet]ans' ,affairs ( ! ,s5ate & ,h\se (
 ,repres5tatives recomm5dations =       
improv+ ! deliv]y times = appraisals =  
loans gu>ante$ by ! ,dep>tm5t ( ,vet]ans
 ,affairs4  #c4 ,update ( appraisal     
requirem5ts = c]ta9 loans gu>ante$ by ! 
,dep>tm5t ( ,vet]ans ,affairs  7a7      
,updat$ regulations requir$ ,n lat] ?an 
#ahj days aft] ! date ( ! enactm5t ( ?is
 ,act1 ! ,secret>y ( ,vet]ans ,affairs  

%all prescribe updat$ regulations or    
program requirem5ts to cl>ify :5 an     
appraisal is requir$1 h[ an appraisal is
 to be conduct$1 & :o is eligible to    
conduct an appraisal = a loan gu>ante$  
by ! ,dep>tm5t ( ,vet]ans ,affairs "u   
*apt] #cg ( title #ch1 ,unit$ ,/ates    
,code1 = any purpose describ$ 9 section 
#cgaj7;a7 ( su* title4 ,9 prescrib+     
updat$ regulations or program           
requirem5ts "u ?is section1 ! ,secret>y 
%all take into consid]ation !           
recomm5dations ( ! ,secret>y submitt$ "u
 section #b4  7b7 ,waiv] ( requirem5t = 
c]ta9 prop]ties ,9 prescrib+ updat$     
regulations or program requirem5ts "u   
subsection 7a71 ! ,secret>y %all consid]
 mak+ *anges applicable to-- 7#a7       
c]tification requirem5ts = apprais]s2   
7#b7 m9imum prop]ty requirem5ts2  7#c7 !
 process = select+ & review+ comp>able  
sales2  7#d7 quality control processes2 
7#e7 ! ,assi/$ ,appraisal ,process+     
,program2 &  7#f7 ! use ( waiv]s or o!r 
alt]natives to exi/+ appraisal          

processes4  7c7 ,desk top appraisals ,9 
prescrib+ updat$ regulations or program 
guidance "u subsection 7a71 ! ,secret>y 
%all provide guidance = ! use ( !       
au?ority "u section #cgca7;b77#c7 (     
title #ch1 ,unit$ ,/ates ,code1 tak+    
into consid]ation-- 7#a7 situations 9   
:i* ! use ( su* au?ority w\ld provide = 
co/ sav+s = ! borr[]2 &  7#b7 situations
 9 :i* a traditional appraisal          
requirem5t c\ld cause a delay sub/antial
 en\gh to jeop>dize ! ability ( a borr[]
 to complete a transaction4  #d4        
,det]m9ation ( budget>y effects ,!      
budget>y effects ( ?is ,act1 = ! purpose
 ( comply+ ) ! ,/atutory ,pay-,z-,y-,g  
,act ( #bjaj1 %all be det]m9$ by ref]5ce
 to ! late/ /atem5t titl$ ,budget>y     
,effects ( ,,paygo ,legislation = ?is   
,act1 submitt$ = pr9t+ 9 !              
,congressional ,record by ! ,*airman ( !
 ,h\se ,budget ,committee1 provid$ t su*
 /atem5t has be5 submitt$ prior to !    
vote on passage4  ,pass$ ! ,h\se (      
,repres5tatives ,septemb] #ad1          

#bjbb4;,*]yl ,l4 ,johnson1,cl]k4