US SB1344 | 2015-2016 | 114th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on May 14 2015 - 25% progression, died in committee
Action: 2015-05-14 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 14 2015 - 25% progression, died in committee
Action: 2015-05-14 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
A bill to clarify that nonprofit organizations such as Habitat for Humanity can accept donated mortgage appraisals, and for other purposes.
Sponsors
| Sen. Rob Portman [R-OH] | Sen. Michael Bennet [D-CO] |
History
| Date | Chamber | Action |
|---|---|---|
| 2015-05-14 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Same As/Similar To
SB1484 (Related) 2015-07-23 - Committee on Banking, Housing, and Urban Affairs. Hearings held.
Subjects
Charitable contributions
Housing and community development
Housing finance and home ownership
Real estate business
User charges and fees
Housing and community development
Housing finance and home ownership
Real estate business
User charges and fees
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/114th-congress/senate-bill/1344/all-info |
| Text | https://www.congress.gov/114/bills/s1344/BILLS-114s1344is.pdf |
