H. R. 2255
IN THE HOUSE OF REPRESENTATIVES
April 28, 2017
Mr. Trott introduced the following bill; which was referred to the Committee on Financial Services
To clarify that nonprofit organizations may accept donated mortgage appraisals, and for other purposes.
This Act may be cited as the
Housing Opportunities Made Easier Act or the
Exemption from Truth in Lending Act
Section 129E(i) of the Truth in Lending Act (15 U.S.C. 1639e(i)) is amended by adding at the end the following:
Rule of construction related to appraisal donations
For purposes of paragraph (1), if a fee appraiser voluntarily donates appraisal services to an organization described in section 170(c)(2) of the Internal Revenue Code of 1986, such voluntary donation shall be deemed customary and reasonable.