The Washington Report covers legislative and regulatory policy activities, and is compiled by NAR's Advocacy Group policy staff. To receive this content via email, subscribe to NAR's Member's Edge newsletter.
NAR sent a letter of support for the SAFE Banking Act to the Committee. The cannabis industry is especially tied to real estate – it requires land, warehouses, storefronts, etc., and many REALTORS® have clients that are in some way connected to it.
The Department of Homeland Security (DHS) issued a Final Rule to reform and modernize the EB-5 program increasing the required minimum investment amounts and reforms targeted employment area (TEA) designations.
HUD suspends effective date of Mortgagee Letter clarifying requirements for government entities providing down payment assistance to FHA borrowers.
NAR supports a full funding for the upcoming 2020 Census to ensure and accurate and complete count.
The National Credit Union Administration (NCUA) Board a final rule increasing the threshold below which appraisals are not required for commercial real estate transactions from $250,000 to $1,000,000.
NAR sent a letter to Representative Gottheimer in support of provisions two through six of the Accurate Access to Credit Information Act of 2019.
NAR sends letter supporting bills that provide access to free credit scores and the ability to remedy errors in credit reports among other factors.
NAR staff participated in a congressional staff briefing hosted by the Main Street Privacy coalition to educate them on how main street businesses collect and handle customer data.
NAR sent comments to the Federal Housing Administration (FHA) in response to an advance notice of proposed rulemaking and request for public comment on the FHA Single-Family Loan Sale Program (the Program).
The Board of the Appraisal Subcommittee held a public meeting to determine action on a waiver of appraiser credentialing requirements for federally related transactions under $500,000 for 1-to-4 family residential real estate transactions and under $1,000,000 for agricultural and commercial real estate transactions throughout the State of North Dakota for a period of not less than five years.