Homeowner, Tenant, and Small Business Energy Conservation Loan Program

Homeowner, Tenant, and Small Business Energy Conservation Loan Program - Establishes the Energy Conservation Bank in the Department of Energy. Authorizes the Bank to make financial assistance in the form of payments to financial institutions to: (1) reduce the principal on loans made for the purpose of financing the purchase and installation of solar energy systems and energy conserving improvements in residential and small business buildings and financing solar energy programs undertaken by nonprofit groups; and (2) prepay interest otherwise due on such loans. Directs the President of the Bank to establish various levels of financial assistance to be made under such assistance program and sets forth criteria to be considered in determining assistance levels.

Sets forth limitations on the amount of assistance, together with the likely value of any Federal and State solar energy or conservation tax credit, which may be made under this Act, depending on the type of building for which such assistance is to be made.

Establishes criteria for the types of loans for which financial assistance may be made under this Act.

Directs the Bank to promote the program established by this Act by informing financial institutions, builders, home improvements contractors, realtors, and consumers of the benefits of such program and by seeking their participation in such program. Directs the Bank to: (1) coordinate and disseminate practical information developed by the Department of Housing and Urban Development regarding solar technology and energy conserving improvements in new and existing construction; (2) seek the advice and assistance of specified Federal mortgaging corporations and associations in coordinating Energy Conservation Bank programs with secondary market programs of such institutions; (3) develop and make available to appraisers solar energy system and energy conservation appraisal techniques and resale data; (4) provide technical assistance to nonprofit, low-income groups and local governments considering solar energy and energy conservation strategies; and (5) provide such other assistance as necessary to promote the use of solar energy and energy conservation improvements.

Requires the preparation of annual reports to be submitted to the Congress and to the President on the Bank's activities.

Authorizes the Secretary of Housing and Urban Development to permit the Bank to use Department personnel in its operations.

Establishes criminal penalties for making false statements or misrepresentations in connection with any loan assisted under this Act.

Authorizes the Bank to make commitments to purchase and to deal in loans and advances of credit made for the purpose of financing the purchase and installation of energy conserving improvements or qualified solar energy systems in residential and small business buildings. Limits the total amount of outstanding purchases and commitments to purchase such loans which the Bank may make.

Describes the types of loans and advances of credit which the Bank may purchase and limits the amount of any particular loan which may be purchased to $15,000.

Authorizes the Bank to make commitments to purchase, to purchase, and to deal in mortgages and similar instruments secured by newly constructed one- to four-family dwelling units with qualified solar energy systems and energy conserving improvements meeting or exceeding specified Federal standards. Limits the total amount of outstanding purchases and commitments to purchase such mortgages which the Bank may make.

Describes the types of mortgages which the Bank may purchase.

Authorizes the Bank to issue obligations to carry out its functions relating to the purchase and commitment to purchase loans, advances of credit, mortgages, and other instruments. Exempts the Bank from specified State and local laws.