,,ii  #aaeth ,,congress  #ast ,session  
,s4 #hch  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,april #e           
7legislative day1 ,april #d71 #bjag ,mr4
 ,cotton 7for himself1 ,mr4 ,boozman1   
and ,mr4 ,rubio7 introduced the         
following bill2 which was read twice and
 referred to the ,committee on ,banking1
 ,housing1 and ,urban ,affairs  ,a      
,,bill  ,to amend the ,truth in ,lending
 ,act to include retrofit loans such as 
property assessed clean energy loans1   
and for other purposes4  #a4 ,short     
title ,this ,act may be cited as the    
,protecting ,americans from ,credit     
,entanglements ,act of #bjag or the     
,,pace ,act of #bjag4  #b4 ,real        
property retrofit loans  7a7 ,in general
 ,section #ajc of the ,truth in ,lending
 ,act 7#ae ,u4,s4,c4 #afjb7 is amended--
  7#a7 in subsection 7g71 in the last   
sentence1 by inserting and a person who 
lends money to consumers for real       
property retrofit loans before for      
purposes2  7#b7 by redesignating        

subsection 7cc7 7relating to definitions
 relating to mortgage origination and   
residential mortgage loans7 and 7dd7 as 
subsections 7dd7 and 7ee71 respectively2
  7#c7 in subsection 7dd77#e71 as       
redesignated1 by inserting 1 including a
 real property retrofit loan1 before    
other than2 and  7#d7 adding at the end 
the following3  7ff7 ,the term consumer 
credit transaction includes a real      
property retrofit loan extended to a    
consumer4  7gg7 ,the term real property 
retrofit loan means a financing         
instrument--  7#a7 secured by an        
interest in real property2  7#b7 that is
 repayable in installments through      
payments made concurrently with the     
payment of property taxes on the real   
property2 and  7#c7 that is used to     
finance real property improvements or   
retrofits1 including property assessed  
clean energy loans or other loans repaid
 through the property tax system for the
 purposes of energy efficiency upgrades1
 renewable energy installations1        

windproofing or seismic retrofits1 water
 conservation upgrades1 septic tanks1 or
 other real property improvements or    
retrofits to a particular parcel of real
 property4  4  7b7 ,real property       
retrofit loan disclosure ,section #abh  
of the ,truth in ,lending ,act 7#ae     
,u4,s4,c4 #afch7 is amended by adding at
 the end the following3  7g7 ,real      
property retrofit loan disclosure       
,before extending a real property       
retrofit loan1 the creditor shall       
provide a disclosure statement          
explaining that the real property       
retrofit loan will result in a lien on  
the real property securing the loan4  4