What does Preamble of HR 6025 do?

This bill, formally titled 'To amend the National Housing Act to authorize State-licensed appraisers to conduct appraisals in connection with mortgages insured by the FHA and to ensure compliance with the existing appraiser education and competency requirements, and for other purposes,' aims to modify the National Housing Act. The proposed legislation would authorize State-licensed appraisers to perform appraisals for mortgages insured by the Federal Housing Administration (FHA). The bill also intends to ensure that appraisers meet existing education and competency standards.

What does SHORT TITLE. of HR 6025 do?

This Act is formally titled the 'Appraisal Industry Improvement Act'.

What does APPRAISAL STANDARDS. of HR 6025 do?

This section amends Section 202(g)(5) of the National Housing Act to modify appraisal standards for Federal Housing Administration (FHA) insured mortgages. Appraisers must be certified or licensed by the state where the property is located, with exceptions for Federal employees and those licensed in one state. Appraisers must meet competency rule requirements and demonstrate verifiable education in FHA appraisal requirements, including completing an approved course or seminar. The new requirements do not apply to appraisers approved by FHA before a specified effective date. On and after the effective date, appraisers must comply with the amended requirements of Section 202(g)(5) to conduct FHA appraisals. The Secretary of Housing and Urban Development must issue mortgagee letter or guidance within 240 days of the Act's enactment to implement the changes. The mortgagee letter or guidance must detail specific requirements for appraiser approval and provide a method for demonstrating prior compliance.

What does ANNUAL REGISTRY FEES FOR APPRAISAL MANAGEMENT COMPANIES. of HR 6025 do?

This section amends Section 1109(a) of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989. The amendment allows the Appraisal Subcommittee to adjust fees established under clauses (i) or (ii). These fee adjustments are subject to the approval of the Council.

What does STATE CREDENTIALED TRAINEES. of HR 6025 do?

This section amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to include State credentialed trainee appraisers in certain reporting and fee requirements. Section 1103 is amended to include State credentialed trainee appraisers in the annual report to the National Registry. Section 1109 is amended to include State credentialed trainee appraisers in annual registry fees and to require States with trainee programs to provide a roster of individuals with trainee credentials. Section 1113 is amended to allow State certified appraisers to use the assistance of State credentialed trainee appraisers, with the certified appraiser remaining liable for the final work. A new definition of 'State credentialed trainee appraiser' is added to Section 1121, specifying minimum criteria and State credentialing requirements. The amendments do not require States to establish or operate a program for State credentialed trainee appraisers.

What does GRANTS FOR WORKFORCE AND TRAINING. of HR 6025 do?

This section amends Section 1109(b) of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989. The amendment modifies existing paragraphs (5)(B) and (6) by removing specific punctuation. A new paragraph (7) is added to authorize grants to State appraiser certifying and licensing agencies, nonprofit organizations, and institutions of higher education. These grants are intended to support education and training activities related to appraiser industry workforce needs. Eligible activities include recruiting and retaining workforce talent, scholarship assistance, and career pipeline development.

What does APPRAISAL SUBCOMMITTEE. of HR 6025 do?

This section amends Section 1011 of the Federal Financial Institutions Examination Council Act of 1978. The amendment inserts the Department of Veterans Affairs, the Rural Housing Service of the Department of Agriculture, and the Department of Housing and Urban Development into the first sentence of Section 1011.

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Appraisal Industry Improvement Act — HR. 6025

Last updated: 11/12/2025 · Introduced: 11/12/2025

Author: Byron Donalds (R-FL)

TL;DR (AI)

This bill allows State-licensed appraisers to perform appraisals for mortgages insured by the Federal Housing Administration (FHA), provided they meet existing education and competency standards.
The bill establishes new requirements for FHA appraisers, including demonstrating verifiable education and compliance with competency rules, with exceptions for those approved before the effective date.
The bill expands reporting and fee requirements to include State credentialed trainee appraisers and authorizes grants to support appraiser industry workforce education and training.

119th Congressin committeeOfficial page

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Includes provisions on preamble, short title., and 5 more.

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