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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
In Committee
02/06/2017
Crossed Over
Passed
Dead
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)

bill text


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