S. 1344
Referred to CommitteeA bill to clarify that nonprofit organizations such as Habitat for Humanity can accept donated mortgage appraisals, and for other purposes.
Latest Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
5/14/2015 • Senate
Summary
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.
Introduced in Senate • 5/14/2015
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Bill Journey
Originated in the Senate
Introduced
May 14, 2015
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law