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Property Assessed Clean Energy (PACE) transactions

Resources to help industry participants understand, implement, and comply with the Residential Property Assessed Clean Energy (PACE) Transactions rule.

On December 17, 2024, the CFPB issued a final rule on residential Property Assessed Clean Energy (PACE) transactions and an Executive Summary . The final rule includes blank model TILA-RESPA Integrated Disclosure forms for PACE transactions.

Rules

Browse the PACE rule to see specific amendments made by the final rule to Regulation Z.

Regulations and official interpretations

Browse Regulation Z (12 CFR 1026) on: Interactive Bureau Regulations | eCFR

Main PACE rule provisions and official interpretations can be found in:

  • § 1026.2(a)(14), Definition of Credit
  • § 1026.37 & .38, TILA-RESPA Integrated Disclosure Rule requirements
  • § 1026.43(b), Ability-to-Repay/Qualified Mortgage Rule definitions
  • § 1026.43(i), Ability-to-Repay for PACE transactions
  • Appendix H to Part 1026—TILA-RESPA Integrated Disclosure model forms
  • Supplement I to Part 1026 (including official interpretations for the above provision)

Quick references

Executive Summary

2024 Executive Summary of the Residential PACE Financing Rule

Fast Facts: PACE Financing Proposed Rule

Forms

Downloadable versions of the loan estimate and closing disclosure forms for PACE transactions.

Browse forms and samples