ECO SOLAR HOME IMPROVEMENT

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City of Los Angeles sues developer for PACE loan fraud

Apr 08, 2019By

Los Angeles contractor Eco Solar Home Improvement and affiliated companies defrauded low-income homeowners by convincing them to take out clean energy loans they could not afford and then abandoning their projects, the city of Los Angeles alleged in a lawsuit filed recently. The case brings to light the glaring potential for abuse of the increasingly popular PACE program, which is not regulated as heavily as other financial services.

3d rendering of a row of luxury townhouses along a street

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