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PACE Reform Bills Introduced

Published Saturday, April 8, 2017

Bipartisan legislation supported by NAR was introduced in the Senate and House yesterday that would subject Property Assessed Clean Energy (PACE) loans to the same Truth in Lending Act (TILA) consumer protections required of other mortgage products. In the Senate, Senators Tom Cotton (R-AR), Marco Rubio (R-FL), and John Boozman (R-AR) introduced the legislation. The House version was introduced by Representatives Brad Sherman (D-CA), and Ed Royce (R-CA).

PACE loans allow homeowners to pay for energy efficient home upgrades — such as solar panels and insulation —... Read More

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