GREEN Appraisals Act of 2025
GREEN Appraisals Act of 2025
Plain Language Summary
# GREEN Appraisals Act of 2025 - Summary **What the Bill Does** The GREEN Appraisals Act would require mortgage lenders to inform borrowers about their right to request an energy report on a home they're buying. If a borrower agrees, the lender must share any available energy information with the appraiser evaluating the property's value. The appraiser would then be required to consider this energy efficiency data when determining what the home is worth. **Who It Affects** This bill primarily affects homebuyers with federally-backed mortgages (loans insured by government agencies like FHA), lenders who originate these mortgages, and property appraisers. The goal is to help buyers understand a home's energy efficiency and potentially benefit from having that information factored into property valuations. **Current Status** As of now, HR 2413 is in committee and has not been voted on by the full House.
The bill was introduced by Rep. Sean Casten (D-IL) in the 119th Congress. No significant action has occurred on the legislation yet.
CRS Official Summary
Getting Renewable and Energy Efficient Neighborhoods Appraisals Act of 2025 or the GREEN Appraisals Act of 2025 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.
Latest Action
Referred to the Committee on Financial Services, and in addition to the Committee on Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.