H.R. 3704 — To clarify that nonprofit organizations such as Habitat for Humanity can accept donated mortgage appraisals, and for other purposes.

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 to be customary and reasonable.

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Related Legislation

S. 2085A bill to clarify that nonprofit organizations such as Habitat for Humanity may accept donated mortgage appraisals, and for other purposes.
2015-09-28Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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Legislative Actions

2015-10-07
Introduced in House
2015-10-07
Introduced in House
2015-10-07
Referred to the House Committee on Financial Services.

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

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