MBA and State MBAs, Consumer Advocates Welcome Long-Awaited Rule on PACE Loans

The Mortgage Bankers Association and National Consumer Law Center, along with the California Mortgage Bankers Association, Housing Policy Council, Jacksonville Area Legal Aid, Mortgage Bankers Association of Missouri, Mortgage Bankers Association of Florida, and Public Counsel of California issued a statement in response to the Consumer Financial Protection Bureau’s final rule on consumer protections for residential Property Assessed Clean Energy (PACE) loans.