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The rule applies existing protections for residential mortgages to borrowers who seek PACE loans to upgrade or renovate their homes through clean energy technology. The rule goes into effect on March 1, 2026, according to the CFPB.
The passing of Proposition 19 in California overhauls Proposition 13, which slashed propertytaxes by almost 60% in 1978. Now, eligible homeowners may transfer their tax assessments anywhere within the state – including the ability to transfer tax assessments to a more expensive home with an upward adjustment.
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