Residential Property Assessed Clean Energy Financing (Regulation Z)

Section 307 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA) directs the Consumer Financial Protection Bureau (CFPB) 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 final rule, the CFPB implements EGRRCPA section 307 and amends Regulation Z to address how TILA applies to PACE transactions.

Final rule

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Executive Summary of the Residential PACE Financing Rule

Unofficial Redline of the 2024 Residential PACE Financing Final Rule

Environmental Assessment and Finding of No Significant Impact

Property Assessed Clean Energy (PACE) Financing and Consumer Financial Outcomes