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To amend the Truth in Lending Act to include retrofit loans such as property assessed clean energy loans, and for other purposes.

USA115th CongressHR-1958| House 
| Updated: 4/5/2017
Brad Sherman

Brad Sherman

Democratic Representative

California

Cosponsors (1)
Edward R. Royce (Republican)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Protecting Americans from Credit Entanglements Act of 2017 or the PACE Act of 2017 This bill amends the Truth in Lending Act to extend that Act's requirements to real property retrofit loans. A "real property retrofit loan" is a loan that is: (1) secured by an interest in real property; (2) repayable in installment payments made concurrently with the payment of property taxes on the real property; and (3) used to finance real property retrofits, including energy-efficiency upgrades, renewable-energy installations, seismic retrofits, water-conservation upgrades, and other similar improvements. At the time of application for a real property retrofit loan, the creditor must disclose that the loan will result in a lien on the real property securing the loan.
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Timeline
Apr 5, 2017
Introduced in House
Apr 5, 2017
Referred to the House Committee on Financial Services.
May 11, 2017

Latest Companion Bill Action

S 115-838
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-56.
  • April 5, 2017
    Introduced in House


  • April 5, 2017
    Referred to the House Committee on Financial Services.


  • May 11, 2017

    Latest Companion Bill Action

    S 115-838
    Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-56.

Finance and Financial Sector

Related Bills

  • S 115-838: A bill to amend the Truth in Lending Act to include retrofit loans such as property assessed clean energy loans, and for other purposes.
Alternative and renewable resourcesConsumer creditEnergy efficiency and conservationHousing finance and home ownershipResidential rehabilitation and home repairWater use and supply

To amend the Truth in Lending Act to include retrofit loans such as property assessed clean energy loans, and for other purposes.

USA115th CongressHR-1958| House 
| Updated: 4/5/2017
Protecting Americans from Credit Entanglements Act of 2017 or the PACE Act of 2017 This bill amends the Truth in Lending Act to extend that Act's requirements to real property retrofit loans. A "real property retrofit loan" is a loan that is: (1) secured by an interest in real property; (2) repayable in installment payments made concurrently with the payment of property taxes on the real property; and (3) used to finance real property retrofits, including energy-efficiency upgrades, renewable-energy installations, seismic retrofits, water-conservation upgrades, and other similar improvements. At the time of application for a real property retrofit loan, the creditor must disclose that the loan will result in a lien on the real property securing the loan.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Apr 5, 2017
Introduced in House
Apr 5, 2017
Referred to the House Committee on Financial Services.
May 11, 2017

Latest Companion Bill Action

S 115-838
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-56.
  • April 5, 2017
    Introduced in House


  • April 5, 2017
    Referred to the House Committee on Financial Services.


  • May 11, 2017

    Latest Companion Bill Action

    S 115-838
    Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-56.
Brad Sherman

Brad Sherman

Democratic Representative

California

Cosponsors (1)
Edward R. Royce (Republican)

Financial Services Committee

Finance and Financial Sector

Related Bills

  • S 115-838: A bill to amend the Truth in Lending Act to include retrofit loans such as property assessed clean energy loans, and for other purposes.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Alternative and renewable resourcesConsumer creditEnergy efficiency and conservationHousing finance and home ownershipResidential rehabilitation and home repairWater use and supply