CFPB Issues Residential PACE Transactions Rule

On December 17, the CFPB issued the Residential Property Assessed Clean Energy (PACE) Financing final rule. The final rule: (1) clarifies that voluntary tax assessments and liens – including PACE financing – are considered extensions of credit under TILA and Reg Z; (2) establishes ATR requirements for residential PACE financing; and (3) notes the application of other Reg Z rules to PACE financing.  

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