A bill to provide for accurate energy appraisals in connection with residential mortgage loans, and for other purposes.
Getting Renewable and Energy Efficient Neighborhoods Appraisals Act of 2022 or the GREEN Appraisals Act of 2022
This bill requires lenders that originate federally backed residential mortgages to notify borrowers of their right to request an energy report concerning the property.
The bill also requires, upon consent of the borrower, the lender to provide to an appraiser any available energy report concerning the property. The appraiser must take this report into consideration when appraising the value of the property.
Referred to the Subcommittee on Economic Opportunity.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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