Bill
Bill > S310
US S310
A bill to clarify that nonprofit organizations such as Habitat for Humanity may accept donated mortgage appraisals, and for other purposes.
summary
Introduced
02/06/2017
02/06/2017
In Committee
02/06/2017
02/06/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
A bill to clarify that nonprofit organizations such as Habitat for Humanity may accept donated mortgage appraisals, and for other purposes. This bill amends the Truth in Lending Act to deem mortgage appraisal services donated by a fee appraiser to an organization that is eligible to receive tax-deductible charitable contributions to be customary and reasonable.
AI Summary
This bill amends the Truth in Lending Act to deem mortgage appraisal services donated by a fee appraiser to an organization eligible to receive tax-deductible charitable contributions, such as Habitat for Humanity, as customary and reasonable. This clarifies that these nonprofit organizations may accept donated mortgage appraisals.
Committee Categories
Housing and Urban Affairs
Sponsors (2)
Last Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 02/06/2017)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://www.congress.gov/bill/115th-congress/senate-bill/310/all-info |
BillText | https://www.congress.gov/115/bills/s310/BILLS-115s310is.pdf |
Bill | https://www.congress.gov/115/bills/s310/BILLS-115s310is.pdf.pdf |
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