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Property Valuation: Energy Efficiency in Mortgage Loans.

New regulations aim to ensure that property appraisals for mortgage loans consider energy efficiency and renewable energy features. This means citizens applying for a mortgage can provide an energy report, which may influence the final property valuation, potentially easing loan approval or affecting its terms.
Key points
Lenders must inform borrowers about the option to provide an energy report for their property during mortgage applications.
Qualified appraisers will be required to consider information from energy reports when valuing properties, which may impact the property's value.
Borrowers will have the right to receive a free copy of their property's energy report from the lender upon request.
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Additional Information
Print number: 117_HR_8577
Sponsor: Rep. Perlmutter, Ed [D-CO-7]
Process start date: 2022-07-28
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

GREEN Appraisals Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_8577.

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 2022-07-28.

What are the main provisions?

Key points include:

  • Lenders must inform borrowers about the option to provide an energy report for their property during mortgage applications.
  • Qualified appraisers will be required to consider information from energy reports when valuing properties, which may impact the property's value.
  • Borrowers will have the right to receive a free copy of their property's energy report from the lender upon request.
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. Perlmutter, Ed [D-CO-7].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Economic Opportunity.

Is this summary verified?

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

CATEGORIES

Real Estate Environment Economy