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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 can expect more accurate home valuations, potentially impacting loan terms. The act mandates informing borrowers about the option to provide an energy report and its consideration by appraisers.
Key points
Banks and financial institutions must inform borrowers about the option to provide an energy report for the property.
Appraisers will be required to consider information from energy reports when valuing properties for mortgage loans.
Energy reports may influence the final property valuation, which could affect loan amounts and terms.
Borrowers will have the right to receive a free copy of the energy report for their property.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_2413
Sponsor: Rep. Casten, Sean [D-IL-6]
Process start date: 2025-03-27
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

GREEN Appraisals Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_2413.

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 2025-03-27.

What are the main provisions?

Key points include:

  • Banks and financial institutions must inform borrowers about the option to provide an energy report for the property.
  • Appraisers will be required to consider information from energy reports when valuing properties for mortgage loans.
  • Energy reports may influence the final property valuation, which could affect loan amounts and terms.
  • Borrowers will have the right to receive a free copy of the energy report for their property.
What is the specific legal status?

The current status is Introduced.

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. Casten, Sean [D-IL-6].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Real Estate Economy Environment