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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 a fairer valuation of their homes, potentially impacting loan terms. Banks will be required to inform borrowers about the option to provide an energy report and to consider it during the appraisal process.
Key points
You can provide an energy report for your property to ensure appraisers consider its energy efficiency when valuing your home for a mortgage.
Banks must inform you of your right to request an energy report and that appraisers will consider it, potentially affecting property value.
Appraisers will be required to consider energy-efficient features and renewable energy sources in their valuations, potentially increasing your property's value.
A bank cannot reject a mortgage application solely because an appraiser considered an energy report.
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Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_1178
Sponsor: Sen. Bennet, Michael F. [D-CO]
Process start date: 2025-03-27
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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_S_1178.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-03-27.

What are the main provisions?

Key points include:

  • You can provide an energy report for your property to ensure appraisers consider its energy efficiency when valuing your home for a mortgage.
  • Banks must inform you of your right to request an energy report and that appraisers will consider it, potentially affecting property value.
  • Appraisers will be required to consider energy-efficient features and renewable energy sources in their valuations, potentially increasing your property's value.
  • A bank cannot reject a mortgage application solely because an appraiser considered an energy report.
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 Sen. Bennet, Michael F. [D-CO].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Real Estate Economy Environment