,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #ddhi  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,july #ag1 #bjbe,mr4  
,ca/ro ( ,texas 7= himself & ,ms4       
,norton7 introduc$ ! foll[+ bill2 :i* 0 
ref]r$ to ! ,committee on ,f9ancial     
,s]vices  ,a ,,bill  ,to am5d ! ,tru? 9 
,l5d+ ,act to require c]ta9 cr$itors to 
disclose deal] fees 9 sol> f9anc+       
transactions1 & = o!r purposes4  #a4    
,%ort title ,?is ,act may be cit$ z !   
,sun%9e on ,sol> ,l5d+ ,act4  #b4 ,f9d+s
 ,congress f9ds ! foll[+3  7#a7         
,home[n]s are increas+ly in/all+ sol>   
en]gy sy/ems1 includ+ batt]y /orage     
sy/ems & o!r relat$ sy/ems1 to r$uce    
electricity co/s & ma9ta9 p[] dur+ grid 
outages4  7#b7 ,! high upfront co/ (    
pur*as+ & in/all+ sol> en]gy sy/ems (t5 
requires consum]s to obta9 f9anc+1      
typically ?r\gh loans or leases         
facilitat$ by sol> in/all]s & orig9at$  
by ?ird-p>ty cr$itors4  7#c7 ,sol>      
f9anc+ arrangem5ts are frequ5tly m>ket$ 
by ?ird-p>ty sales repres5tatives or    

in/all]s :o p>tn] ) cr$itors to (f]     
loans at ! po9t ( sale4 ,9 "s cases1 ^! 
arrangem5ts include deal] fees t are n  
cle>ly disclos$ to consum]s1 lead+ to   
inflat$ f9anc+ co/s & a lack (          
transp>5cy reg>d+ ! true co/ ( cr$it4   
7#d7 ,! ,sell]'s ,po9t exemption "u     
,regulation ,z is sometimes improp]ly   
us$ to exclude deal] fees f !           
calculation ( ! f9ance *>ge 9 sol>      
f9anc+ transactions4 ,! use ( ?is       
exemption has l$ to confusion &         
inconsi/5t treatm5t ( su* fees1         
p>ticul>ly 9 transactions involv+       
?ird-p>ty f9anc+ & indirect comp5sation 
/ructures4  7#e7 ,! ,tru? 9 ,l5d+ ,act  
applies to cr$itors1 z def9$ 9 ! ,act1 t
 (f] or ext5d cr$it = sol> en]gy sy/ems4
 ,all su* cr$itors are requir$ to comply
 ) ! disclosure & consum] protection    
provisions ( ! ,act4  7#f7 ,?is ,act is 
necess>y to cl>ify & re9=ce !           
application ( ! ,tru? 9 ,l5d+ ,act to   
sol> f9anc+ transactions1 ensure        
consi/5t treatm5t ( deal] fees z f9ance 

*>ges :]e applicable1 & promote         
transp>5cy & acc\ntability 9 cr$it      
transactions relat$ to sol> en]gy       
sy/ems4  #c4 ,disclosure ( deal] fees 9 
sol> f9anc+ transactions ,section #ajf (
 ! ,tru? 9 ,l5d+ ,act 7#ae ,u4,s4,c4    
#afje7 is am5d$-- 7#a7 9 subsection 7a71
 by add+ at ! end ! foll[+3  7#g7 9 any 
consum] cr$it transaction = sol> f9anc+1
 z def9$ 9 subsection 7h71 any sell]'s  
po9ts or o!r *>ges impos$ by ! cr$itor  
^u a noncr$itor sell] = provid+ cr$it to
 ! consum] or = provid+ cr$it on c]ta9  
t]ms4  2 &  7#b7 by add+ at ! end !     
foll[+3  7g7 ,disclosure ( deal] fees = 
sol> f9anc+ transactions  7#a7 ,9 g5]al 
,a cr$itor = a sol> f9anc+ transaction  
%all cle>ly & conspicu\sly disclose 9   
writ+ to ! consum]-- 7,a7 any fee *>g$  
to a ?ird p>ty by ! cr$itor relat+ to ! 
sol> f9anc+ transaction2  7,b7 any fee  
impos$ directly or indirectly by !      
cr$itor or a ?ird p>ty1 t is payable    
directly or indirectly by ! consum]1    
relat+ to ! sol> f9anc+ transaction2    

7,c7 ! id5tification ( any ?ird p>ty t  
is a p>ty to ! sol> f9anc+ transaction2 
&  7,d7 a comp>ison ( ! am\nt f9anc$ by 
! sol> f9anc+ transaction1 includ+ !    
am\nt ( any f9ance *>ges )-- 7i7 ! total
 ca% price = ea* product obta9$ by !    
consum] ?r\gh ! sol> f9anc+ transaction1
 includ+ infra/ructure & labor co/s2 &  
7ii7 ! total ca% price = ea* s]vice     
obta9$ by ! consum] ?r\gh ! sol> f9anc+ 
transaction1 includ+ ma9t5ance & repair 
co/s4  7#b7 ,9-p]son transactions ,)    
respect to a sol> f9anc+ transaction    
negotiat$ 79 "p or 9 :ole7 ) ! consum] 9
 p]son1 a cr$itor or ?ird p>ty 7z       
applicable7 %all provide ! consum] ) a  
pap] copy ( ! disclosures describ$ 9    
p>agraph 7#a74  7#c7 ,arbitration ,a    
sol> f9anc+ transaction may n include   
t]ms :i* require arbitration or any o!r 
nonjudicial proc$ure z ! me?od = resolv+
 any controv]sy or settl+ any claims    
aris+ out ( ! transaction4  7h7 ,sol>   
f9anc+ transaction def9$ ,9 ?is section1
 ! t]m sol> f9anc+ transaction means a  

consum] cr$it transaction to f9ance !   
pur*ase1 in/allation1 or associat$ co/s 
( a sol> en]gy sy/em1 includ+ sol>      
panels1 inv]t]s1 batt]y /orage sy/ems1  
electric vehicle *>g+ /ations1 & any    
relat$ infra/ructure requir$ = !        
op]ation ( su* sol> en]gy sy/em4  4  #d4
 ,effective date2 applicability ,?is    
,act & ! am5dm5ts made by ?is ,act %all 
take effect n lat] ?an #fj days aft] !  
date ( ! enactm5t ( ?is ,act & %all     
apply ) respect to a sol> f9anc+        
transaction 7z def9$ 9 subsection 7h7 ( 
section #ajf ( ! ,tru? 9 ,l5d+ ,act 7#ae
 ,u4,s4,c4 #afje71 z add$ by ?is ,act7  
ent]$ into on or aft] su* effective     
date4