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Homeowner Protection: Consent for Energy Improvement Financing

This act aims to protect homeowners from unwanted financial obligations. It requires written consent from mortgage lenders or other lien holders before a homeowner can obtain Property Assessed Clean Energy (PACE) financing for energy improvements. If consent is not obtained, such financing will be null and void, and the homeowner will not be required to repay the received funds.
Key points
Consent Requirement: Homeowners must obtain written consent from all mortgage holders or other recorded lien holders before securing PACE financing for energy improvements.
Debt Protection: If PACE financing is extended without the required consent, the agreement becomes null and void, and the homeowner is not obligated to repay the received funds.
Consent Exception: Consent is not required if the PACE financing will not take priority over an existing mortgage or other recorded lien.
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Status:
Expired
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Additional Information
Print number: 117_HR_7049
Sponsor: Rep. Sherman, Brad [D-CA-30]
Process start date: 2022-03-09
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Mortgage Borrower Protection Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7049.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-03-09.

What are the main provisions?

Key points include:

  • Consent Requirement: Homeowners must obtain written consent from all mortgage holders or other recorded lien holders before securing PACE financing for energy improvements.
  • Debt Protection: If PACE financing is extended without the required consent, the agreement becomes null and void, and the homeowner is not obligated to repay the received funds.
  • Consent Exception: Consent is not required if the PACE financing will not take priority over an existing mortgage or other recorded lien.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Sherman, Brad [D-CA-30].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Real Estate Economy