owever, recent trends raise alarming questions about the potential for scams and abuse, especially against older consumers and in communities already devastated by disinvestment, redlining, and unaffordable lending.
The consumer protection document concerning planned PACE loans in Ohio leaves many significant gaps: No clear enforcement and no consumer remedies, Underdeveloped ability to pay standard, Vague contractor requirements, Insufficient right to cancel and disclosures, No standard for effective energy efficiency improvements.
NCLC has collected stories described to us by numerous consumer advocates or reported in the news media or online. The homeowner stories that were shared with us demonstrate disturbing patterns. We summarize those patterns with numerical references to the stories.