Tap any paragraph to write a margin note. Your notes collect in the Desk below the text and file under cases with @. The side-by-side margin rail opens on a larger screen.

§
Marginalia
Code · STATUTE-COMPILATIONS · Improving Access to the VA Home Loan Benefit Act of 2022 · Sec. 3

Sec. 3. UPDATE OF APPRAISAL REQUIREMENTS FOR CERTAIN LOANS GUARANTEED BY THE DEPARTMENT OF VETERANS AFFAIRS

280 words·~1 min read·/statute-compilations/comps-17303/sec-3

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

## SEC. 3 UPDATE OF APPRAISAL REQUIREMENTS FOR CERTAIN LOANS GUARANTEED BY THE DEPARTMENT OF VETERANS AFFAIRS ###
(a)Updated Regulations Required Not later than 180 days after the date of the enactment of this Act, the Secretary of Veterans Affairs shall prescribe updated regulations or program requirements to clarify when an appraisal is required, how an appraisal is to be conducted, and who is eligible to conduct an appraisal for a loan guaranteed by the Department of Veterans Affairs under chapter 37 of title 38, United States Code, for any purpose described in section 3710(a) of such title. In prescribing updated regulations or program requirements under this section, the Secretary shall take into consideration the recommendations of the Secretary submitted under section 2. ###
(b)Waiver of Requirement for Certain Properties In prescribing updated regulations or program requirements under subsection (a), the Secretary shall consider making changes applicable to— ####
(1)certification requirements for appraisers; ####
(2)minimum property requirements; ####
(3)the process for selecting and reviewing comparable sales; ####
(4)quality control processes; ####
(5)the Assisted Appraisal Processing Program; and ####
(6)the use of waivers or other alternatives to existing appraisal processes. ###
(c)Desk Top Appraisals In prescribing updated regulations or program guidance under subsection (a), the Secretary shall provide guidance for the use of the authority under section 3731(b)(3) of title 38, United States Code, taking into consideration— ####
(1)situations in which the use of such authority would provide for cost savings for the borrower; and ####
(2)situations in which a traditional appraisal requirement could cause a delay substantial enough to jeopardize the ability of a borrower to complete a transaction.
★   the supreme law of the land   ★
Don't Tread on Me
E Pluribus Unum — out of many, one

"If you don't know your rights, you don't have any."

Marginalia · a citizen's law index
A research desk, not legal advice. Always read the cited source before relying on a summary.
Questions or an issue? support@self-law.org
disclaimerMarginalia is a research index, not a law firm. Nothing on this site is legal, tax, or financial advice and no attorney–client relationship is formed by using it. Statutes, regulations, and case law change; summaries, search results, AI output, and member posts may be incomplete, out of date, or wrong. Any interpretation drawn from material on this site should be validated by a licensed attorney in your jurisdiction before you act on it.