GREEN Appraisals Act of 2025

Hozzl · 2025-04-14T15:15:04Z

Explore the details of House Bill 2413 GREEN Appraisals Act of 2025 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

4/14/2025, 3:15 PM

Summary of Bill HR 2413

Bill 119 HR 2413, also known as the "Accurate Energy Appraisals Act," aims to ensure that residential mortgage loans accurately reflect the energy efficiency of the property being financed. The bill requires that energy efficiency be taken into account during the appraisal process for residential properties, in order to provide homeowners with a more accurate assessment of the property's value.

The bill also includes provisions for training and certification of appraisers in the area of energy efficiency, in order to ensure that appraisals are conducted accurately and consistently. Additionally, the bill seeks to promote the use of energy efficient upgrades in residential properties, by providing incentives for homeowners to make energy efficient improvements.

Overall, the goal of Bill 119 HR 2413 is to promote energy efficiency in the housing market, by ensuring that homeowners have access to accurate information about the energy efficiency of their properties, and by incentivizing energy efficient upgrades. The bill is aimed at benefiting both homeowners and the environment, by encouraging the use of energy efficient technologies and practices in residential properties.

Congressional Summary of HR 2413

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.

Read the Full Bill

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Current Status of Bill HR 2413

Bill HR 2413 is currently in the status of Bill Introduced since March 27, 2025. Bill HR 2413 was introduced during Congress 119 and was introduced to the House on March 27, 2025. Bill HR 2413's most recent activity was 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. as of March 27, 2025