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S. 1344

BillFederalSenateIn Committee
A bill to clarify that nonprofit organizations such as Habitat for Humanity can accept donated mortgage appraisals, and for other purposes.
About This Bill
Committee
Latest Action · May 14, 2015
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Congress
114th (2015–2017)
Introduced
May 14, 2015
Cosponsors (1)
1D 0R
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Summary

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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.

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