Ohio Credit Union League
CFPBRulemakingCFPB-2023-0029

Residential Property Assessed Clean Energy Financing (Regulation Z).

RIN
Last modified
Jan 10, 2025
Comment window
closed 1098d ago
Ohio Credit Union League filings
1

Activity

Ohio Credit Union League filed 1 comment on this docket between Jul 25, 2023 and Jul 25, 2023. 29 other organizations filed here. The comment window closed 1098d ago.

What Ohio Credit Union League filed (1)

Jul 25, 2023· Comment from Ohio Credit Union League· CFPB-2023-0029-0060

Filed on regulations.gov — full text not in the inline record.

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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