CFPB issues final rule on Property Assessed Clean Energy financing
By EsqSocial Corporation 26/12/24
On December 17, the CFPB finalized a rule concerning Property Assessed Clean Energy (PACE) financing. The final rule integrated existing residential mortgage protections to PACE loans, providing TILA and RESPA disclosure requirements in connection with PACE loans. As previously covered by InfoBytes, in addition to clarifying the application of existing laws providing residential mortgage protections to PACE loans, the final rule mandated that creditors consider pre-existing PACE transactions as...
By: Orrick, Herrington & Sutcliffe LLP