2024 -- S 2406 | |
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LC003397 | |
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STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2024 | |
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A N A C T | |
RELATING TO BUSINESSES AND PROFESSIONS -- REAL ESTATE APPRAISER | |
CERTIFICATION ACT | |
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Introduced By: Senator Leonidas P. Raptakis | |
Date Introduced: February 12, 2024 | |
Referred To: Senate Housing & Municipal Government | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Chapter 5-20.7 of the General Laws entitled "Real Estate Appraiser |
2 | Certification Act" is hereby amended by adding thereto the following section: |
3 | 5-20.7-27. Solar panels. |
4 | (a) Solar panels, if paid in full, shall be included in the appraisal of any real estate for the |
5 | purpose of financing to purchase a property or refinancing a loan on the property, except as |
6 | prohibited pursuant to ยง 5-20.7-25. |
7 | (b) The appraisal shall include a disclosure statement covering the past twenty-four (24) |
8 | months of invoices for net metering pursuant to chapter 26.4 of title 39. |
9 | SECTION 2. This act shall take effect upon passage. |
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LC003397 | |
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EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
A N A C T | |
RELATING TO BUSINESSES AND PROFESSIONS -- REAL ESTATE APPRAISER | |
CERTIFICATION ACT | |
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1 | This act would require real estate appraisers to include paid in full solar panels in the |
2 | appraisal of any real estate along with a disclosure statement covering the past twenty-four (24) |
3 | months of invoicing for net metering. |
4 | This act would take effect upon passage. |
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LC003397 | |
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