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.
Featured topic
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)
Rules related to mortgages
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Quick references
Executive Summary
2024 Executive Summary of the Residential PACE Financing Rule
Proposed rule changes and related materials
Fast Facts: PACE Financing Proposed Rule
Forms
Downloadable versions of the loan estimate and closing disclosure forms for PACE transactions.