115 HR 2255 RH: Housing Opportunities Made Easier Act U.S. House of Representatives 2017-04-28 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

IB Union Calendar No. 393 115th CONGRESS2d Session H. R. 2255 [Report No. 115–528] IN THE HOUSE OF REPRESENTATIVES April 28, 2017 Mr. Trott introduced the following bill; which was referred to the Committee on Financial Services January 29, 2018Additional 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