Legislative Updates

Update on Bill HF737/SF785

Legislative Update – October 1, 2018

Posted on Nov. 9, 2018  /  0

Joe Ibach, MAI, recently was in Washington, D.C. to attend the AARO Conference. While there, he met with staff from Senators’ Rounds (SD) and Hoeven & Heitkamp (ND). Topics of discussion included:

  1. H.R. 6347 & 6348…two house bills that propose to increase the real estate thresholds for major SBA loans. Not good for the appraisal professional. Will be urging Senators to oppose.
  2. Update Senators’ staff about the ND appraiser waiver.
  3. Update status of Practical Application of Real Estate Appraisal (PAREA)…need to keep pressure on AQB to move forward ASAP!

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