CFPB Finalizes Rule on Residential PACE Loans
By EsqSocial Corporation 20/12/24
On December 17, 2024, the Consumer Financial Protection Bureau (CFPB) issued its final rule implementing Section 307 of the 2018 Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA) and amending Regulation Z to address how the Truth in Lending Act (TILA) applies to Residential Property Assessed Clean Energy (RPACE) transactions. The final rule amends Regulation Z’s definition of credit to include RPACE financing, prescribes ability-to-repay requirements, and implements other...
By: Husch Blackwell LLP