General World News

MBA sees risk in new Florida law that gives first-lien priority to PACE loans

The Mortgage Bankers Association (MBA) this week detailed its reasons for opposing a bill in the state of Florida designed “to expand projects eligible for residential Property Assessed Clean Energy (PACE) financing,” which was recently signed into law by Gov. Ron DeSantis. 

Florida Senate Bill SB-770 authorizes local and county authorities within the state to create financing programs for home and other property renovations, which can include energy efficiency upgrades or renewable energy installations funded through non-value based assessments of a property.

But the bill details ⇒

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