skip to main content

H.R. 2255 (115th): HOME Act

The text of the bill below is as of Jan 29, 2018 (Reported by House Committee).


IB

Union Calendar No. 393

115th CONGRESS

2d Session

H. R. 2255

[Report No. 115–528]

IN THE HOUSE OF REPRESENTATIVES

April 28, 2017

introduced the following bill; which was referred to the Committee on Financial Services

January 29, 2018

Additional sponsors: Mr. Gottheimer and Ms. Sinema

January 29, 2018

Committed to the Committee of the Whole House on the State of the Union and ordered to be printed


A BILL

To clarify that nonprofit organizations may accept donated mortgage appraisals, and for other purposes.


1.

Short title

This Act may be cited as the Housing Opportunities Made Easier Act or the HOME Act.

2.

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:

(4)

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.

.

January 29, 2018

Committed to the Committee of the Whole House on the State of the Union and ordered to be printed