Originally published in the July 21, 2026, issue of AI’s Appraisal Now
Reprinted with permission from AI
The 21st Century ROAD to Housing Act became law on July 11 after President Trump neither signed nor vetoed the legislation within the constitutional ten-day period. The law includes two measures of particular importance to the appraisal profession: the Appraisal Modernization Act and the Appraisal Industry Improvement Act.
The Appraisal Modernization Act directs federal housing agencies to develop consistent standards and procedures for reconsiderations of value and second appraisals. “As originally proposed, the legislation would have imposed a reconsideration of value process that was unworkable and inconsistent with the procedures already in place at the federal agencies and the government-sponsored enterprises,” said Scott DiBiasio, Director of Government Relations for the Appraisal Institute. “The Appraisal Institute worked closely with the Senate Banking Committee to move these requirements into the rulemaking process, where appraisers, lenders, consumer advocates, regulators, and other affected stakeholders will all have the opportunity to provide input before the final policies are adopted.”
The Appraisal Industry Improvement Act expands FHA roster eligibility to qualified state-licensed residential appraisers who complete FHA-specific education and competency requirements. It also supports alternative pathways into the profession, strengthens the Appraisal Subcommittee, and replaces a proposed public appraisal database with a Government Accountability Office study addressing feasibility, costs, benefits, and privacy concerns.
Attention now turns to implementation. Federal agencies will develop the regulations, guidance, and procedures needed to carry out the new law. The Appraisal Institute will remain engaged throughout that process, advocating for policies that protect appraiser independence, promote public trust, and support a strong appraisal profession.
Read the Appraisal Institute’s summary of the appraisal provisions.