AUTHORITY TO GUARANTEE HOME REFINANCE LOANS FOR ENERGY EFFICIENCY IMPROVEMENTS.

SEC. 904. AUTHORITY TO GUARANTEE HOME REFINANCE LOANS FOR ENERGY EFFICIENCY IMPROVEMENTS. (a) Loans.—Section 3710(a) is amended by inserting after paragraph (10) the following new paragraph: “(11) To refinance in accordance with subsection (e) an existing loan guaranteed, insured, or made under this chapter, and to improve the dwelling securing such loan through energy efficiency improvements, as provided in subsection (d).”. (b) Amount of Guaranty.—Section 3710(e)(1) is amended— (1) in the matter preceding subparagraph (A), by inserting “or for the purpose specified in subsection (a)(11)” after “subsection (a)(8)”; and 108 STAT. 4677 (2) in subparagraph (C), by striking out “may not exceed” and all that follows m such subparagraph and inserting in lieu thereof “may not exceed— “(i) an amount equal to the sum of the balance of the loan being refinanced and such closing costs (including any discount permitted pursuant to section 3703(c)(3)(A) of this title) as may be authorized by the Secretary (under regulations which the Secretary shall prescribe) to be included in the loan; or “(ii) in the case of a loan for the purpose specified in subsection (a)(11), an amount equal to the stun of the amount referred to with respect to the loan under clause (i) and the amount specified under subsection (d)(2);”. (c) Fee.—Section 3729(a)(2)(E) is amended by inserting “3710(a)(11),” after “3710(a)(9)(B)(i),”.