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HR 7049 117th Congress House Finance and Financial Sector

Mortgage Borrower Protection Act of 2022

Introduced: March 9, 2022 Introduced by: Sherman, Brad Democratic · California See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 9, 2022
Referred to the House Committee on Financial Services.
Mar 9, 2022
Introduced in House
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 Plain-English summary Congressional Research Service

Mortgage Borrower Protection Act of 2022

This bill requires an entity extending a Property Assessed Clean Energy (PACE) financing agreement to receive written consent from each owner of any residential mortgage loan or other recorded lien on the property before extending such financing to the dwelling owner. (PACE financing is used to cover the costs of home improvements such as energy-efficient improvements. The subsequent lien is tied to the specific property in the form of a tax assessment.)

Consent is not required if the PACE financing does not have priority over the mortgage loan or lien.

What's happening now March 9, 2022

Referred to the House Committee on Financial Services.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 7049: Mortgage Borrower Protection Act of 2022. 117th Congress. Open America. https://openamerica.io/bill/117-HR-7049/
MLA
"H.R. 7049: Mortgage Borrower Protection Act of 2022." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-7049/.
Bluebook (legal)
H.R. 7049, 117th Cong. (2026), https://openamerica.io/bill/117-HR-7049/.
Markdown link
[H.R. 7049: Mortgage Borrower Protection Act of 2022](https://openamerica.io/bill/117-HR-7049/)
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