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S. 1344

A bill to clarify that nonprofit organizations such as Habitat for Humanity can accept donated mortgage appraisals, and for other purposes.

Amends the Truth in Lending Act with respect to the compensation of fee appraisers to state that, in the case of an appraisal for which the appraiser voluntarily does not receive a fee, the appraiser is not, and shall not be construed to be, with respect to the donated appraisal, a fee appraiser subject to appraisal independence requirements.

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sen. Portman, Rob [R-OH](R-OH)Sponsor
1 cosponsor1 D
1cosponsors1committees2actions1related bills4subjects
  1. IntroReferral

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Banking, Housing, and Urban Affairs Committee
  2. IntroReferral10000

    Introduced in Senate

A bill to clarify that nonprofit organizations such as Habitat for Humanity can accept don… — Informed