; (2) in the matter preceding clause (i), as so redesignated, by striking For purposes of and inserting the following: (A) In general For purposes of ; and (3) by adding at the end the following: (B) Rule of construction related to appraisal donations If a fee appraiser voluntarily donates appraisal services to an organization eligible to receive tax-deductible charitable contributions, such voluntary donation shall be considered customary and reasonable for the purposes of paragraph (1). . 103. Exemption from appraisals of real property located in rural areas Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ( 12 U.S.C. 3331 et seq.) is amended by adding at the end the following: 1127. Exemption from appraisals of real estate located in rural areas (a) Definition In this section, the term mortgage originator has the meaning given the term in section 103 of the Truth in Lending Act ( 15 U.S.C. 1602 ). (b) Appraisal not required Except as provided in subsection (d), notwithstanding any other provision of law, an appraisal in connection with a federally related transaction involving real property or an interest in real property is not required if— (1) the real property or interest in real property is located in a rural area, as described in section 1026.35(b)(2)(iv)(A) of title 12, Code of Federal Regulations; (2) not later than 3 days after the date on which the Closing Disclosure Form, made in accordance with the final rule of the Bureau of Consumer Financial Protection entitled Integrated Mortgage Disclosures Under the Real Estate Settlement Procedures Act (Regulation X) and the Truth in Lending Act (Regulation Z) (78 Fed. Reg. 79730 (December 31, 2013)), relating to the federally related transaction is given to the consumer, the mortgage originator or its agent, directly or indirectly— (A) has contacted not fewer than 3 State certified appraisers or State licensed appraisers, as applicable