,i  #aaith ,,congress  #ast ,session    
,h4 ,r4 #bdac  ,,in ,,the ,,house ,,of  
,,representatives  ,march #bg1 #bjbe,mr4
 ,casten introduced the following bill2 
which was referred to the ,committee on 
,financial ,services1 and in addition to
 the ,committee on ,veterans' ,affairs1 
for a period to be subsequently         
determined by the ,speaker1 in each case
 for consideration of such provisions as
 fall within the jurisdiction of the    
committee concerned  ,a ,,bill  ,to     
provide for accurate energy appraisals  
in connection with residential mortgage 
loans1 and for other purposes4  #a4     
,short title ,this ,act may be cited as 
the ,getting ,renewable and ,energy     
,efficient ,neighborhoods ,appraisals   
,act of #bjbe or the ,,green ,appraisals
 ,act of #bjbe 4  #b4 ,getting renewable
 and energy efficient neighborhoods     
accurate energy appraisals  7a7         
,disclosure ,the head of each covered   
agency shall require that any creditor  
to which an application for a covered   

loan is made shall provide to the       
borrower1 on the same date that the     
creditor delivers or places in the mail 
the disclosures described under section 
#ajbf4ai7;e77#a77;iii77,a7 of title #ab1
 ,code of ,federal ,regulations1 for    
such loan1 a written disclosure that    
includes the following3  7#a7 ,a        
statement that the prospective borrower 
or current homeowner may provide an     
energy report1 or any information in    
such report1 regarding the property     
subject to the covered loan to the      
creditor or to a qualified appraiser or 
other interested party for consideration
 during a home appraisal or application 
for a covered loan4  7#b7 ,a statement  
that the prospective borrower under the 
covered loan has the right to request an
 energy report regarding the property   
subject to the covered loan4  7#c7 ,a   
statement that1 in developing an        
appraisal in connection with such       
covered loan-- 7,a7 a qualified         
appraiser will take the information in  

the report into consideration2 and  7,b7
 the appraisers' final opinion of the   
value of the property may be higher1    
lower1 or no different than if the      
energy report had not been available for
 the appraiser to review4  7#d7 ,a      
statement that1 as with any other data  
considered by the appraiser that affects
 the appraiser's opinion of the value of
 a property1 consideration of such data 
may help or hurt the ability of the     
prospective borrower to obtain a covered
 loan4  7b7 ,required analysis ,in      
connection with a covered loan1 the     
creditor under such loan shall1 in      
underwriting the loan1 use the appraised
 value of the subject property value as 
determined by a qualified appraiser4    
,the consideration of an energy report  
by the qualified appraiser may not be   
used as a basis to reject a home        
appraisal or application for a covered  
loan4  7c7 ,consideration of energy     
characteristics ,on and after ,march #a1
 #bjbf1 the head of each covered agency 

shall require1 with respect to any      
covered loan for a property for which an
 energy report is available1 that upon  
the prospective borrower's consent the  
creditor shall provide the appraiser    
with the energy report when the         
appraiser receives the assignment1 and  
any underwriting or verification systems
 used by the creditor shall accommodate 
any appraisal that takes the energy     
report into consideration4  7d7         
,consideration of information ,a        
qualified appraiser to whom an energy   
report is provided in connection with a 
covered loan shall take the information 
in such report into consideration when  
developing an appraised value of the    
property4 ,in developing the appraised  
value of the property1 the qualified    
appraiser shall take into               
consideration-- 7#a7 the energy         
efficiency characteristics of the       
property for which the report was       
prepared1 any renewable energy related  
features of such property1 estimated    

energy savings for such property1 the   
energy consumption for such property    
relative to comparable homes1 or any one
 or more of such items2  7#b7 whether   
such characteristics of the property are
 relevant to the market value of the    
property2 and  7#c7 any additional      
information1 as determined by the       
relevant head of a covered agency4  7e7 
,portability ,upon the request of a     
prospective borrower under a covered    
loan1 the creditor shall provide a copy 
of an energy report with respect to the 
property1 at no cost1 to the prospective
 borrower4  7f7 ,guidance  7#a7 ,in     
general ,the heads of the covered       
agencies1 after consultation with the   
advisory committee established pursuant 
to paragraph 7#b71 shall jointly        
prescribe guidance for creditors to     
implement this section which--  7,a7    
shall confirm the acceptance1 by each of
 the covered agencies1 of all applicable
 approaches to value utilized by        
appraisers to demonstrate market        

reaction to energy efficiency and       
renewable energy2  7,b7 shall set forth 
procedures for consumer disclosures1 the
 preparation and sharing of energy      
reports1 and the provision of the       
reports to qualified appraisers2 and    
7,c7 shall not provide for how an       
appraiser shall consider information in 
an energy report4  7#b7 ,advisory       
committee ,the heads of the covered     
agencies shall jointly establish an     
advisory committee of stakeholders to   
advise the heads of the covered agencies
 in carrying out this section1 which    
shall consist of representatives of     
housing advocates1 energy efficiency and
 renewable energy organizations1 energy 
raters1 home builders1 architects1      
single-family mortgage creditors1       
consumer advocates1 appraisers1 and     
other interested groups4  7#c7 ,systems 
requirements ,not later than the        
expiration of the #b-year period        
beginning on the date of the enactment  
of this ,act1 the heads of the covered  

agencies shall jointly require a        
creditor originating a covered loan for 
which an energy report is prepared under
 this section to use origination and    
underwriting systems that review1 score1
 or rate appraisals in a manner         
consistent with the creditor guidance   
issued pursuant to paragraph 7#a74  7g7 
,definitions ,in this section3  7#a7    
,covered agency ,the term covered agency
 means-- 7,a7 the ,federal ,housing     
,administration of the ,department of   
,housing and ,urban ,development2  7,b7 
the ,federal ,housing ,finance ,agency1 
to the extent that such ,agency oversees
 and regulates the enterprises1 as such 
term is defined in section #acjc of the 
,federal ,housing ,enterprises          
,financial ,safety and ,soundness ,act  
of #aiib 7#ab ,u4,s4,c4 #dejb72 except  
that any requirement imposed by this    
section on such ,agency or the ,director
 of such ,agency shall be treated as a  
requirement with respect to the ,federal
 ,national ,mortgage ,association and   

the ,federal ,home ,loan ,mortgage      
,corporation1 to be imposed and enforced
 pursuant to the authority of such      
,director and ,agency to supervise and  
regulate such enterprises2  7,c7 the    
,government ,national ,mortgage         
,association2  7,d7 the ,rural ,housing 
,service of the ,department of          
,agriculture2 and  7,e7 the ,department 
of ,veterans ,affairs4  7#b7 ,covered   
loan ,the term covered loan means a     
residential mortgage loan 7as such term 
is defined in section #ajc of the ,truth
 in ,lending ,act 7#ae ,u4,s4,c4 #afjb77
 that is made1 insured1 purchased1      
guaranteed1 or securitized by a covered 
agency or intended to be purchased1     
guaranteed1 or securitized by a covered 
agency4  7#c7 ,creditor ,the term       
creditor has the meaning given such term
 in section #ajc of the ,truth in       
,lending ,act 7#ae ,u4,s4,c4 #afjb74    
7#d7 ,energy report ,the term energy    
report means1 with respect to a         
property1 an analysis that-- 7,a7 7i7   

details the energy-related features in  
the home2  7ii7 estimates the expected  
energy costs or energy savings specific 
to the property1 or both1 based on      
specific information about the property2
 or  7iii7 complies with both clauses   
7i7 and 7ii72  7,b7 estimates the       
expected energy generated from installed
 renewable energy features2 and  7,c7 is
 conducted--  7i7 in accordance with the
 guidance issued under this section2    
7ii7 in accordance with ,,hers by an    
individual certified by the ,residential
 ,energy ,service ,network1 unless the  
,secretary finds that the use of ,,hers 
does not further the purposes of this   
section2  7iii7 by the ,department of   
,energy's ,home ,energy ,score2 or  7iv7
 by other methods approved by the       
,secretary1 in consultation with the    
,secretary of ,energy and the advisory  
committee established pursuant to       
subsection 7f77#b71 for use under this  
section1 which shall include a quality  
assurance procedure approved by the     

,secretary1 in consultation with the    
,secretary of ,energy4  7#e7 ,hers ,the 
term ,,hers means the ,home ,energy     
,rating ,system of the ,residential     
,energy ,service ,network4  7#f7        
,qualified appraiser ,the term qualified
 appraiser means an appraiser who1 with 
respect to the assignment to conduct an 
appraisal--  7,a7 is licensed1          
qualified1 or certified to conduct an   
appraisal in the ,state in which the    
property is located2  7,b7 has completed
 a course of #g or more hours of        
continuing education on the             
consideration of energy reports in the  
appraisal process1 which course--  7i7  
includes case studies2  7ii7 includes an
 examination1 which the appraiser has   
passed2 and  7iii7 was submitted to1 and
 approved by1 the ,appraiser            
,qualification ,board of the ,appraisal 
,foundation through its ,course         
,approval ,program2 and  7,c7 is1 at the
 time of agreeing to perform the        
assignment1 competent to perform the    

assignment4