,,ii  #aag? ,,congress  #b;d ,session   
,s4 #dbjh  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #ab1 #bjbb,mr4    
,sullivan introduc$ ! foll[+ bill2 :i* 0
 read twice & ref]r$ to ! ,committee on 
,vet]ans' ,affairs  ,a ,,bill  ,to      
require ! ,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
 ,act ( #bjbb4  #b4 ,update ( appraisal 
requirem5ts = c]ta9 loans gu>ante$ by   
,dep>tm5t ( ,vet]ans ,affairs  7a7      
,updat$ regulations or program          
requirem5ts requir$ ,n lat] ?an #ij 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$1 & :o is eligible to conduct an
 appraisal = purposes ( a loan t is--   
7#a7 gu>ante$ "u *apt] #cg ( title #ch1 

,unit$ ,/ates ,code2 &  7#b7 = any      
purpose describ$ 9 section #cgaj7;a7 (  
su* title4  7b7 ,consid]ations ,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+ program ( !   
,dep>tm5t ( ,vet]ans ,affairs2 &  7#f7 !
 use ( waiv]s or o!r alt]natives to     
exi/+ appraisal processes4  7c7 ,desk   
top appraisals ,9 prescrib+ updat$      
regulations or program requirem5ts "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