S 4671
117th Congress
Senate
Finance and Financial Sector
GREEN Appraisals Act of 2022
Introduced: July 28, 2022
Introduced by:
Bennet, Michael F.
Democratic
· Colorado
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 28, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 28, 2022
Introduced in Senate
Plain-English summary
Getting Renewable and Energy Efficient Neighborhoods Appraisals Act of 2022 or the GREEN Appraisals Act of 2022
This bill requires lenders that originate federally backed residential mortgages to notify borrowers of their right to request an energy report concerning the property.
The bill also requires, upon consent of the borrower, the lender to provide to an appraiser any available energy report concerning the property. The appraiser must take this report into consideration when appraising the value of the property.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1