,,ii #aai? ,,congress #a/ ,session ,s4 #aagh ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,m>* #bg1 #bjbe,mr4 ,b5net introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ,a ,,bill ,to provide = accurate en]gy appraisals 9 connection ) resid5tial mortgage loans1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,gett+ ,r5ewable & ,en]gy ,effici5t ,neighborhoods ,appraisals ,act ( #bjbe or ! ,,gre5 ,appraisals ,act ( #bjbe 4 #b4 ,gett+ r5ewable & en]gy effici5t neighborhoods accurate en]gy appraisals 7a7 ,disclosure ,! head ( ea* cov]$ ag5cy %all require t any cr$itor to :i* an application = a cov]$ loan is made %all provide to ! borr[]1 on ! same date t ! cr$itor deliv]s or places 9 ! mail ! disclosures describ$ "u section #ajbf4ai7;e77#a77;iii77,a7 ( title #ab1 ,code ( ,f$]al ,regulations1 = su* loan1 a writt5 disclosure t includes ! foll[+3 7#a7 ,a /atem5t t ! prospective borr[] or curr5t home[n] may provide an en]gy report1 or any in=mation 9 su* report1 reg>d+ ! prop]ty subject to ! cov]$ loan to ! cr$itor or to a qualifi$ apprais] or o!r int]e/$ p>ty = consid]ation dur+ a home appraisal or application = a cov]$ loan4 7#b7 ,a /atem5t t ! prospective borr[] "u ! cov]$ loan has ! "r to reque/ an en]gy report reg>d+ ! prop]ty subject to ! cov]$ loan4 7#c7 ,a /atem5t t1 9 develop+ an appraisal 9 connection ) su* cov]$ loan-- 7,a7 a qualifi$ apprais] w take ! in=mation 9 ! report into consid]ation2 & 7,b7 ! apprais]s' f9al op9ion ( ! value ( ! prop]ty may be high]1 l[]1 or no diff]5t ?an if ! en]gy report _h n be5 available = ! apprais] to review4 7#d7 ,a /atem5t t1 z ) any o!r data consid]$ by ! apprais] t affects ! apprais]'s op9ion ( ! value ( a prop]ty1 consid]ation ( su* data may help or hurt ! ability ( ! prospective borr[] to obta9 a cov]$ loan4 7b7 ,requir$ analysis ,9 connection ) a cov]$ loan1 ! cr$itor "u su* loan %all1 9 und]writ+ ! loan1 use ! apprais$ value ( ! subject prop]ty value z det]m9$ by a qualifi$ apprais]4 ,! consid]ation ( an en]gy report by ! qualifi$ apprais] may n be us$ z a basis to reject a home appraisal or application = a cov]$ loan4 7c7 ,consid]ation ( en]gy *>act]i/ics ,on & aft] ,m>* #a1 #bjbf1 ! head ( ea* cov]$ ag5cy %all require1 ) respect to any cov]$ loan = a prop]ty = :i* an en]gy report is available1 t ^u ! prospective borr[]'s cons5t ! cr$itor %all provide ! apprais] ) ! en]gy report :5 ! apprais] receives ! assignm5t1 & any und]writ+ or v]ification sy/ems us$ by ! cr$itor %all accommodate any appraisal t takes ! en]gy report into consid]ation4 7d7 ,consid]ation ( in=mation ,a qualifi$ apprais] to :om an en]gy report is provid$ 9 connection ) a cov]$ loan %all take ! in=mation 9 su* report into consid]ation :5 develop+ an apprais$ value ( ! prop]ty4 ,9 develop+ ! apprais$ value ( ! prop]ty1 ! qualifi$ apprais] %all take into consid]ation-- 7#a7 ! en]gy effici5cy *>act]i/ics ( ! prop]ty = :i* ! report 0 prep>$1 any r5ewable en]gy relat$ features ( su* prop]ty1 e/imat$ en]gy sav+s = su* prop]ty1 ! en]gy consumption = su* prop]ty relative to comp>able homes1 or any "o or m ( su* items2 7#b7 :e!r su* *>act]i/ics ( ! prop]ty are relevant to ! m>ket value ( ! prop]ty2 & 7#c7 any additional in=mation1 z det]m9$ by ! relevant head ( a cov]$ ag5cy4 7e7 ,portability ,^u ! reque/ ( a prospective borr[] "u a cov]$ loan1 ! cr$itor %all provide a copy ( an en]gy report ) respect to ! prop]ty1 at no co/1 to ! prospective borr[]4 7f7 ,guidance 7#a7 ,9 g5]al ,! heads ( ! cov]$ ag5cies1 aft] consultation ) ! advisory committee e/abli%$ pursuant to p>agraph 7#b71 %all jo9tly prescribe guidance = cr$itors to implem5t ?is section :i*-- 7,a7 %all confirm ! acceptance1 by ea* ( ! cov]$ ag5cies1 ( all applicable approa*es to value utiliz$ by apprais]s to demon/rate m>ket reaction to en]gy effici5cy & r5ewable en]gy2 7,b7 %all set =? proc$ures = consum] disclosures1 ! prep>ation & %>+ ( en]gy reports1 & ! provision ( ! reports to qualifi$ apprais]s2 & 7,c7 %all n provide = h[ an apprais] %all consid] in=mation 9 an en]gy report4 7#b7 ,advisory committee ,! heads ( ! cov]$ ag5cies %all jo9tly e/abli% an advisory committee ( /akehold]s to advise ! heads ( ! cov]$ ag5cies 9 c>ry+ out ?is section1 :i* %all consi/ ( repres5tatives ( h\s+ advocates1 en]gy effici5cy & r5ewable en]gy organizations1 en]gy rat]s1 home build]s1 ar*itects1 s+le-family mortgage cr$itors1 consum] advocates1 apprais]s1 & o!r int]e/$ gr\ps4 7#c7 ,sy/ems requirem5ts ,n lat] ?an ! expiration ( ! #b-ye> p]iod beg9n+ on ! date ( ! enactm5t ( ?is ,act1 ! heads ( ! cov]$ ag5cies %all jo9tly require a cr$itor orig9at+ a cov]$ loan = :i* an en]gy report is prep>$ "u ?is section to use orig9ation & und]writ+ sy/ems t review1 score1 or rate appraisals 9 a mann] consi/5t ) ! cr$itor guidance issu$ pursuant to p>agraph 7#a74 7g7 ,def9itions ,9 ?is section3 7#a7 ,cov]$ ag5cy ,! t]m cov]$ ag5cy means-- 7,a7 ! ,f$]al ,h\s+ ,adm9i/ration ( ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t2 7,b7 ! ,f$]al ,h\s+ ,f9ance ,ag5cy1 to ! ext5t t su* ,ag5cy ov]sees & regulates ! ent]prises1 z su* t]m is def9$ 9 section #acjc ( ! ,f$]al ,h\s+ ,ent]prises ,f9ancial ,safety & ,s\ndness ,act ( #aiib 7#ab ,u4,s4,c4 #dejb72 except t any requirem5t impos$ by ?is section on su* ,ag5cy or ! ,director ( su* ,ag5cy %all be treat$ z a requirem5t ) respect to ! ,f$]al ,national ,mortgage ,association & ! ,f$]al ,home ,loan ,mortgage ,corporation1 to be impos$ & en=c$ pursuant to ! au?ority ( su* ,director & ,ag5cy to sup]vise & regulate su* ent]prises2 7,c7 ! ,gov]nm5t ,national ,mortgage ,association2 7,d7 ! ,rural ,h\s+ ,s]vice ( ! ,dep>tm5t ( ,agriculture2 & 7,e7 ! ,dep>tm5t ( ,vet]ans ,affairs4 7#b7 ,cov]$ loan ,! t]m cov]$ loan means a resid5tial mortgage loan 7z su* t]m is def9$ 9 section #ajc ( ! ,tru? 9 ,l5d+ ,act 7#ae ,u4,s4,c4 #afjb77 t is made1 insur$1 pur*as$1 gu>ante$1 or securitiz$ by a cov]$ ag5cy or int5d$ to be pur*as$1 gu>ante$1 or securitiz$ by a cov]$ ag5cy4 7#c7 ,cr$itor ,! t]m cr$itor has ! mean+ giv5 su* t]m 9 section #ajc ( ! ,tru? 9 ,l5d+ ,act 7#ae ,u4,s4,c4 #afjb74 7#d7 ,en]gy report ,! t]m en]gy report means1 ) respect to a prop]ty1 an analysis t-- 7,a7 7i7 details ! en]gy-relat$ features 9 ! home2 7ii7 e/imates ! expect$ en]gy co/s or en]gy sav+s specific to ! prop]ty1 or bo?1 bas$ on specific in=mation ab\t ! prop]ty2 or 7iii7 complies ) bo? clauses 7i7 & 7ii72 7,b7 e/imates ! expect$ en]gy g5]at$ f in/all$ r5ewable en]gy features2 & 7,c7 is conduct$-- 7i7 9 accordance ) ! guidance issu$ "u ?is section2 7ii7 9 accordance ) ,,h]s by an individual c]tifi$ by ! ,resid5tial ,en]gy ,s]vice ,network1 unless ! ,secret>y f9ds t ! use ( ,,h]s does n fur!r ! purposes ( ?is section2 7iii7 by ! ,dep>tm5t ( ,en]gy's ,home ,en]gy ,score2 or 7iv7 by o!r me?ods approv$ by ! ,secret>y1 9 consultation ) ! ,secret>y ( ,en]gy & ! advisory committee e/abli%$ pursuant to subsection 7f77#b71 = use "u ?is section1 :i* %all include a quality assurance proc$ure approv$ by ! ,secret>y1 9 consultation ) ! ,secret>y ( ,en]gy4 7#e7 ,,h]s ,! t]m ,,h]s means ! ,home ,en]gy ,rat+ ,sy/em ( ! ,resid5tial ,en]gy ,s]vice ,network4 7#f7 ,qualifi$ apprais] ,! t]m qualifi$ apprais] means an apprais] :o1 ) respect to ! assignm5t to conduct an appraisal-- 7,a7 is lic5s$1 qualifi$1 or c]tifi$ to conduct an appraisal 9 ! ,/ate 9 :i* ! prop]ty is locat$2 7,b7 has complet$ a c\rse ( #g or m h\rs ( cont9u+ education on ! consid]ation ( en]gy reports 9 ! appraisal process t-- 7i7 includes case /udies2 7ii7 includes an exam9ation1 :i* ! apprais] has pass$2 & 7iii7 0 submitt$ to1 & approv$ by1 ! ,apprais] ,qualifications ,bo>d ( ! ,appraisal ,f\ndation ?r\gh its ,c\rse ,approval ,program2 & 7,c7 is1 at ! "t ( agree+ to p]=m ! assignm5t1 compet5t to p]=m ! assignm5t4