Maine § 35-A §10155 Consumer underwriting and disclosure

Maine Statutes

§ 35-A §10155 — Consumer underwriting and disclosure

Maine·Title 35-A PUBLIC UTILITIES·Part 8 ENERGY EFFICIENCY·Ch. 99 PROPERTY ASSESSED CLEAN ENERGY

1.Underwriting. A PACE agreement entered into pursuant to a PACE program must comply with underwriting requirements established by rule by the trust. In adopting such rules, the trust shall seek advice from the Department of Professional and Financial Regulation, Bureau of Consumer Credit Protection and consumer credit industry stakeholders. Underwriting requirements established by the trust must, at a minimum:

2.Consumer disclosure; truth in lending. A PACE agreement entered into pursuant to a PACE program must provide consumer disclosure consistent with the principles of truth in lending as specified in rules adopted by the trust. In adopting such rules, the trust shall seek advice from the Department of Professional and Financial Regulation, Bureau of Consumer Credit Protection and co

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1.
Underwriting.
A PACE agreement entered into pursuant to a PACE program must comply with underwriting requirements established by rule by the trust. In adopting such rules, the trust shall seek advice from the Department of Professional and Financial Regulation, Bureau of Consumer Credit Protection and consumer credit industry stakeholders. Underwriting requirements established by the trust must, at a minimum:
2.
Consumer disclosure; truth in lending.
A PACE agreement entered into pursuant to a PACE program must provide consumer disclosure consistent with the principles of truth in lending as specified in rules adopted by the trust. In adopting such rules, the trust shall seek advice from the Department of Professional and Financial Regulation, Bureau of Consumer Credit Protection and consumer credit industry stakeholders. Notwithstanding Title 9‑A, section 1‑202, PACE mortgages are not subject to the Maine Consumer Credit Code, Article 8‑A.
3.
Consumer privacy.
The provisions of the federal Gramm-Leach-Bliley Act, 15 United States Code, Section 6801 et seq. (1999), and the applicable implementing federal regulations regarding the privacy of consumer information, apply to all consumer financial information obtained by the trust or municipalities or their designees in implementing PACE programs under this chapter.

Maine § 35-A §10155 (Consumer underwriting and disclosure) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.