Governor Signs CSAC Supported PACE Legislation
October 12., 2017
Governor Jerry Brown signed AB 1284 and SB 242. These two measures will help improve California’s PACE program. SB 242 (Skinner) improves the PACE program for both consumers and program administrators through disclosure requirements, enhanced consumer protections and requirements on 3rd party program administrators.
In addition, AB 1284 (Dababneh) provides increased oversight of the PACE program by creating a new licensing requirement for Program Administrators through the Department of Business Oversight, training requirements for employees, and a requirement that Program Administrators assess a homeowner’s ability to pay back an assessment, among other measures. AB 1284, together with SB 242 builds on the PACE consumer protections in last year’s AB 2693 (Dababneh), enhancing PACE underwriting, regulating PACE 3rd party program administrators at the state level, and enforcing compliance with all PACE laws by PACE administrators and individual contractors.