What does Preamble of Portal for Appraisal Licensing Act of 2025 do?

This bill proposes to amend the Financial Institutions Reform, Recovery, and Enforcement Act of 1989. The amendment aims to establish a Portal for Appraiser Credentialing and AMC Registration Information. The bill includes provisions for 'other purposes' beyond the portal establishment, though these are not detailed in this section.

What does SHORT TITLE. of Portal for Appraisal Licensing Act of 2025 do?

This bill is formally titled the Portal for Appraisal Licensing Act of 2025.

What does PORTAL FOR APPRAISER CREDENTIALING AND AMC REGISTRATION of Portal for Appraisal Licensing Act of 2025 do?

This section amends Section 1103 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to establish and maintain a 'Portal for Appraiser Credentialing and AMC Registration Information'. The Portal will serve as a central depository for license, certification, and registration applications and renewals for appraisers and appraisal management companies. It will provide connectivity with State appraiser certifying and licensing agencies for access to application and renewal information. The Attorney General will provide access to criminal history information to State officials for background checks required for appraisers and appraisal management companies. The Appraisal Subcommittee may use the Appraisal Subcommittee as a channeling agent between the Department of Justice and State agencies for background check information. States will retain the ability to act independently on license applications and renewals. The Appraisal Subcommittee may charge user fees to cover the costs of establishing and maintaining the Portal and conducting background checks. The Appraisal Subcommittee will also make grants available to State agencies to support connecting State systems with the Portal.

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Portal for Appraisal Licensing Act of 2025

Last updated: 9/19/2025 · Introduced: 9/19/2025

Author: Barry Loudermilk (R-GA)

TL;DR (AI)

This bill establishes a central online portal for appraiser and appraisal management company license and registration information, connecting federal and state agencies.
The Attorney General will facilitate the sharing of criminal history information with state officials for appraiser and appraisal management company background checks.
The Appraisal Subcommittee may provide grants to state agencies to support connecting their systems with the new portal and may charge user fees to cover operational costs.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

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