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

1/11/2023, 1:31 PM

Congressional Summary of S 1344

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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Current Status of Bill S 1344

Bill S 1344 is currently in the status of Bill Introduced since May 14, 2015. Bill S 1344 was introduced during Congress 114 and was introduced to the Senate on May 14, 2015.  Bill S 1344's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of May 14, 2015

Bipartisan Support of Bill S 1344

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
1
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 1344

Primary Policy Focus

Housing and Community Development

Potential Impact Areas

- Charitable contributions
- Housing finance and home ownership
- Real estate business
- User charges and fees

Alternate Title(s) of Bill S 1344

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

Comments

Sponsors and Cosponsors of S 1344

Rob Portman
Rob Portman
OhioRepublican
Michael F. Bennet
Michael F. Bennet
ColoradoDemocrat

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