CA-AG v. Ygrene Energy Fund, Inc.

Ygrene Energy Fund, Inc. is alleged to have engaged in forgery, high-pressure sale tactics, and other misconduct to induce homeowners to utilize the PACE financing option that it offered in partnership with local governments. Ygrene and its contractors failed to secure consumers' express informed consent to use their homes as collateral to secure PACE financing, instead impersonating consumers on calls or forms. Ygrene and its contractors are also alleged to have made misrepresentations about consumers ability to refinance or sell their home before fully paying off their PACE loan, according to CA-AG.

Summary generated from official California Attorney General press release