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 […]
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 […]