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 the Edge Up with NAR newsletter.
On March 29, the Senate passed a joint resolution of disapproval under the Congressional Review Act (CRA) of the waters of the U.S. (WOTUS) rule.
Allegations of appraisal bias have been widespread in the news in recent years, but few cases have resulted in legal clarity.
The new FinCEN guidance provides small businesses with information regarding the beneficial ownership rule that will go into effect on January 1, 2024.
In Texas and Idaho, the WOTUS rule will not be in effect based on this court’s ruling, but nationwide, the rule is effective as of March 20, 2023, pending other legal challenges.
Download NAR's statement to the House Financial Services Subcommittee on Housing and Insurance supporting the National Flood Insurance Program (NFIP) reauthorization and reform legislation.
The House Joint Resolution, if enacted, would terminate the Biden WOTUS rulemaking utilizing the Congressional Review Act (CRA), which provides a mechanism for Congress to overturn certain final agency actions.
The FHA rule permits lenders to provide an extended modification to borrowers after a default episode to assist in avoiding foreclosures.
NAR, along with the American Property Owners Alliance and the Minnesota REALTORS®, filed the amicus brief in support of the property owner’s entitlement to the surplus equity, arguing the state statute effectuates an unconstitutional taking of private property under the Fifth Amendment.
If the legislation becomes a federal law, the SECURE Notarization Act would provide meaningful relief to America’s homeowners and prospective buyers by allowing immediate, nationwide use of remote online notarization technology.
This rule will govern when beneficial ownership information may be disclosed to government officials, regulators, financial institutional and law enforcement.
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