Addresses handling the donation of an appraiser’s services under the Truth in Lending Act.
Housing Opportunities Made Easier Act or the HOME Act
This bill amends the Truth in Lending Act to deem mortgage appraisal services donated by a fee appraiser to an organization that is eligible to receive tax-deductible charitable contributions to be customary and reasonable.
Amended in committee.
Original sponsor: Rep. Trott, David A. [R-MI-11]
Passed House by voice vote.
Related bill: HR10 (Related bill)