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CFPBRulemakingCFPB-2023-0029

Residential Property Assessed Clean Energy Financing (Regulation Z).

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Credit Union National Association filings
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Credit Union National Association filed 1 comment on this docket between Jul 26, 2023 and Jul 26, 2023. 29 other organizations filed here. The comment window closed 1098d ago.

What Credit Union National Association filed (1)

Jul 26, 2023· Comment from Credit Union National Association· CFPB-2023-0029-0085

See attached comments of the Credit Union National Association (CUNA).

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Abstract

Section 307 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA) directs the Consumer Financial Protection Bureau (CFPB or Bureau) to prescribe ability-to-repay rules for Property Assessed Clean Energy (PACE) financing and to apply the civil liability provisions of the Truth in Lending Act (TILA) for violations. PACE financing is financing to cover the costs of home improvements that results in a tax assessment on the real property of the consumer. In this notice of proposed rulemaking, the Bureau proposes to implement EGRRCPA section 307 and to amend Regulation Z to address how TILA applies to PACE transactions to account for the unique nature of PACE. For more information about commenting on CFPB’s Notices, please visit us at: https://www.consumerfinance.gov/rules-policy/notice-opportunities-comment/commenting-on-notices/

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Co-filers (29)

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