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.
