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United States · Law · HR

H.R. 6347 (115th)

7(a) Real Estate Appraisal Harmonization Act

enactedUnited States· United States Congress· EN

Introduced

12 July 2018

Last action

Status

Became Public Law No: 115-370.

Sponsors

Subjects

Discovery layer

Source updated

7 April 2025

Summary

7(a) Real Estate Appraisal Harmonization Act This bill amends the Small Business Act to revise the loan amount above which a real estate appraisal is required for a commercial real property securing a small business loan. Specifically, the bill ties the amount to the federal banking regulator appraisal threshold. (Currently, an appraisal is required for a loan of more than $250,000.)

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Documents

16 official files

Enrolled Bill (text)

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