PACE lenders object to rule requiring them to evaluate borrowers’ ability to repay and provide more comprehensive disclosures so homeowners can comparison shop for other types of financing.
Source: Inman News
CFPB tightening underwriting for PACE energy improvement loans
Published in CFPB, climate change, Consumer Financial Protection Bureau, Green Energy, home improvement, Mortgage, PACE, PACE loan, Property Assessed Clean Energy, Regulations, Select and solar
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