The Property Assessed Clean Energy (PACE) financing has been pioneered by municipalities and counties in California as a way for property owners to finance voluntary energy and water efficiency and clean energy improvements. As with any program, problems exist, and recent trends have shown that with PACE loans, there is great potential for abusive lending practices and fraud, particularly for loans made to older and low-income homeowners. If adopted, AB 1136 would authorize the Commissioner to order a PACE solicitor, PACE solicitor agent, or both to pay ancillary relief, including damages and restitution, to a person injured by the conduct or practice of that solicitor or solicitor agent.

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