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H.R. 2255, HOME Act (CBO Report for Congress)

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Congress 115th
Date Requested Jan. 18, 2018
Requested By House Committee on Financial Services
Date Sent Jan. 26, 2018
Description:

Under current law, mortgage lenders are required to compensate property appraisers at a customary and reasonable rate for performing appraisal services. H.R. 2255 would deem appraisal services donated to an organization that is eligible to receive tax-deductible charitable contributions to be customary and reasonable for purposes of that requirement.

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