The President signed a bipartisan bill last week that will roll back some of the Dodd-Frank rules that concerned thousands of small- and medium-sized banks. Enacted as part of the 2010 Dodd-Frank law to curb the risky behavior that led to the 2008 financial crisis, Republicans and Democrats have been working to “tweak” the law […]
Change of PACE for 2018
Gov. Jerry Brown signed into law two measures that took effect on Monday, Jan. 1, 2018 and fundamentally reshape and improve PACE financing in its biggest market. Renovate America strongly supported the new laws, which create a landmark consumer-protection and regulatory framework for PACE by enhancing disclosures, strengthening contractor oversight, and conditioning PACE on a […]
Dec. 5 – CVAR At A Glance
Featured Classes and Events Click Links to Register Dec. 6 |Business Plan for 2017 Lunch & Learn Dec. 7 | Installation & Holiday Breakfast Dec. 8 | Secrets to Finding VA Buyers Dec. 9 | Loan Doc Certification Workshop Dec. 15 | Shred Day – Bring Your eWaste! Sales Highest Since July Lawrence Yun, NAR’s […]
Lawsuit Calls PACE Practices ‘Predatory’
A class action lawsuit against HERO/PACE lender Renovate America, Inc., and the San Bernardino Associated Governments (SANBAG) was filed on Nov. 1, alleging “predatory characteristics” and a “pervasive pattern of false, deceptive and otherwise unlawful practices” regarding Home Energy Renovation Opportunity Loans (HERO Loans). Renovate America, Inc., originates loans for energy efficiency improvements, such as […]