S. 310Senate115th Congress (2017-2019)In Committee

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

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Updated April 15, 2026 at 12:24 PM UTC

The bill amends the Truth in Lending Act to make clear that nonprofit groups, such as Habitat for Humanity, can receive donated mortgage appraisal services without violating the law. It treats those donated appraisals as a normal, reasonable practice, allowing charities to use them for their housing projects.

Key Provisions

Adds a new rule to Section 129E(i) of the Truth in Lending Act stating that if a fee appraiser voluntarily donates appraisal services to a qualifying nonprofit organization, the donation is considered customary and reasonable for purposes of the Act.

Legislative Activity

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1 earlier action

SenateIntro Referral Latest Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Banking, Housing, and Urban Affairs Committee

February 6, 2017

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SenateIntro Referral

Introduced in Senate

February 6, 2017

SenateIntro Referral

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Banking, Housing, and Urban Affairs Committee

February 6, 2017

Bill Text

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Introduced in SenateIssued February 6, 2017

115th CONGRESS

1st Session

S. 310

IN THE SENATE OF THE UNITED STATES

February 6, 2017

Mr. Portman (for himself and Mr. Bennet) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

A BILL

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

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.