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| 5 | 5 | 2023 -- S 0819 | |
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| 7 | 7 | LC001085 | |
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| 9 | 9 | S TATE OF RHODE IS LAND | |
| 10 | 10 | IN GENERAL ASSEMBLY | |
| 11 | 11 | JANUARY SESSION, A.D. 2023 | |
| 12 | 12 | ____________ | |
| 13 | 13 | ||
| 14 | 14 | A N A C T | |
| 15 | 15 | RELATING TO BUSINESSES AND PROFESSIONS -- REAL ESTATE APPRAISER | |
| 16 | 16 | CERTIFICATION ACT | |
| 17 | 17 | Introduced By: Senator Leonidas P. Raptakis | |
| 18 | 18 | Date Introduced: March 23, 2023 | |
| 19 | 19 | Referred To: Senate Judiciary | |
| 20 | 20 | ||
| 21 | 21 | ||
| 22 | 22 | It is enacted by the General Assembly as follows: | |
| 23 | 23 | SECTION 1. Chapter 5-20.7 of the General Laws entitled "Real Estate Appraiser 1 | |
| 24 | 24 | Certification Act" is hereby amended by adding thereto the following section: 2 | |
| 25 | 25 | 5-20.7-27. Solar panels. 3 | |
| 26 | 26 | Solar panels shall be included in the appraisal of any real estate for the purpose of financing 4 | |
| 27 | 27 | to purchase a property or refinancing a loan on the property, except as prohibited pursuant to ยง 5-5 | |
| 28 | 28 | 20.7-25. The appraisal shall include the past twenty-four (24) months of invoices for net metering 6 | |
| 29 | 29 | pursuant to chapter 26.4 of title 39 in order that the average income or balance due generated over 7 | |
| 30 | 30 | that time can be utilized for the purchase of or refinancing a loan on the property. 8 | |
| 31 | 31 | SECTION 2. This act shall take effect upon passage. 9 | |
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| 33 | 33 | LC001085 | |
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| 36 | 36 | ||
| 37 | 37 | LC001085 - Page 2 of 2 | |
| 38 | 38 | EXPLANATION | |
| 39 | 39 | BY THE LEGISLATIVE COUNCIL | |
| 40 | 40 | OF | |
| 41 | 41 | A N A C T | |
| 42 | 42 | RELATING TO BUSINESSES AND PROFESSIONS -- REAL ESTATE APPRAISER | |
| 43 | 43 | CERTIFICATION ACT | |
| 44 | 44 | *** | |
| 45 | 45 | This act would require real estate appraisers to include solar panels in the appraisal of any 1 | |
| 46 | 46 | real estate along with the past twenty-four (24) months of invoicing for net metering to determine 2 | |
| 47 | 47 | any average income or balance due, except as prohibited under federal law or regulation. 3 | |
| 48 | 48 | This act would take effect upon passage. 4 | |
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| 50 | 50 | LC001085 | |
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