House Passes ‘Concerning’ VA Appraisal Legislation

Originally published on September 21, 2022, by the Appraisal Institute.

The House on Sept. 14 passed HR 7735, the Improving Access to the VA Home Loan Benefit Act of 2022, legislation that proposes to overhaul the Department of Veterans Affairs appraisal requirements, including when an appraisal is necessary, how appraisals are conducted, and who is eligible to conduct an appraisal.  
The legislation also allows for desktop appraisals in some circumstances, but the VA has already made that policy change
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