3.0.0 838 2023-01-11T13:36:59Z 2023-01-11T13:36:59Z Senate S 2017-04-05 115 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Hearings by 2017-05-11T14:00:34Z Referred to 2017-04-05T19:06:56Z PACE Act of 2017 115 1958 HR 2017-04-05 Referred to the House Committee on Financial Services. Related bill CRS 2017-05-11 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-56. Committee 2017-04-05 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2017-04-05 Introduced in Senate IntroReferral 10000 9 Library of Congress C001095 Sen. Cotton, Tom [R-AR] Tom Cotton R AR N B001236 Sen. Boozman, John [R-AR] John Boozman R AR 2017-04-05 True R000595 Sen. Rubio, Marco [R-FL] Marco Rubio R FL 2017-04-05 True K000393 Sen. Kennedy, John [R-LA] John Kennedy R LA Neely 2017-05-09 False Finance and Financial Sector Alternative and renewable resources Consumer credit Energy efficiency and conservation Housing finance and home ownership Property tax Residential rehabilitation and home repair Water use and supply Finance and Financial Sector 00 2017-04-05 Introduced in Senate 2018-02-09T23:18:26Z 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.

Before extending a real property retrofit loan, the creditor must disclose that the loan will result in a lien on the real property securing the loan.

]]> PACE Act of 2017 Display Title PACE Act of 2017 Official Title as Introduced 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 Senate IS Short Titles as Introduced PACE Act of 2017 Short Titles as Introduced Protecting Americans from Credit Entanglements Act of 2017 Introduced in Senate 2017-04-05T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s838is/xml/BILLS-115s838is.xml 2017-05-11 Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-56. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.