Sens. Sponsor Green Home Appraisal Bill

Law360, New York (October 20, 2011, 2:10 PM EDT) -- A bill introduced Wednesday in the U.S. Senate would require federal mortgage lenders to consider expected energy costs when determining loan eligibility, which its bipartisan sponsors said would give consumers more reasonable expectations about repayment and also create up to 80,000 jobs.

Sens. Michael Bennet, D-Colo., and Johnny Isakson, R-Ga., co-sponsored the Sensible Accounting to Value Energy Act, which they said would encourage builders to use energy-efficient materials, create new green jobs and provide more transparency to the appraisal process and thus improve mortgage underwriting....
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