Advocacy Submits Comments on CFPB’s Residential Property Assessed Clean Energy Financing NPRM

On July 24, 2023, the Office of Advocacy (Advocacy) submitted comments on the CFPB’s notice of proposed rulemaking on Residential Property Assessed Clean Energy Financing (PACE). Section 307 of the Economic Growth, Regulatory Relief, and Consumer Protection Act directs the CFPB to prescribe ability-to-repay rules for PACE financing and to apply the civil liability provisions of the Truth in Lending Act for violations.

For more, read the public comment letter and fact sheet, which highlights Advocacy’s concerns and recommendations.

Documents

Comment Letter, CFPB’s Residential Property Assessed Clean Energy Financing NPRM (204 KB)

Fact Sheet, Advocacy Submits Comments on CFPB’s Residential Property Assessed Clean Energy Financing NPRM (98.1 KB)