Senators push bill targeting predatory lending on solar energy investments

Mortgage

WASHINGTON — Three Republican senators introduced a bill this week designed to deter predatory lending practices associated with the financing and installation of solar energy panels.

The bill, sponsored by Sens. Tom Cotton, R-Ark., Marco Rubio, R-Fla., and John Boozman, R-Ark., would require Truth in Lending Act disclosures for so-called Property Assessed Clean Energy loans, which are currently exempt from the law.

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