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Regulators forbid Encino contractors from offering PACE loans



Regulators forbid Encino contractors from offering PACE loans

The California Department of Business Supervision has banned the Encino contractor from offering a PACE home improvement loan, accusing the company of falsely signing the homeowner for financing which if not paid could lead to foreclosure.

The action against Eco Technology Inc., which through its lawyers denied the allegations, marked the first step the department has taken since the 2017 law provides oversight of PACE, a unique type of financing that funds repairs to energy-efficient homes and water. .

The Energy Assessed Property, or PACE program, is formed by government authorities, and most have partnered with private lenders to offer loans that are repaid through homeowner’s property tax bills.

Private lenders, in turn, rely on home improvement contractors to market loans and register people. Some homeowners accused the contractor of misleading them to take out loans they did not understand or could not afford.

In a termination and termination order issued Wednesday, the Department of Business Supervision accuses Green Technology workers of falsely telling homeowners that they are applying for a “free government program” and do not have to pay for repairs to their homes.

To settle the loan, the department accused Eco Technology of falsifying signatures from homeowners on electronic loan documents and homeowners who were emulated in a call with a PACE lender.

The order said that in at least one case, it appeared that “fraudulent IRS 1099 Forms were submitted in a financing package to increase the homeowner’s income level to meet the ‘ability to pay’ requirements.”

The ability to pay terms, together with phone calls mandated by lenders, are both part of the 2017 state legislation package that seeks to ensure homeowners understand what they are facing and can afford it.

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In addition to accusations of counterfeiting, the department said Eco Technology “sells products offered at inflated prices – three to five times the usual industry level – and uses high-pressure tactics to prey on most older homeowners and those who do not speak English. their main. “

Lawyers representing Eco Technology said the company denied all allegations, including that they falsified documents or the owner of the house that was being copied.

Nick Brunner of the law firm Plumtree and Associates called the department’s investigation “short” and said PACE lenders assume responsibility for ensuring homeowners understand financing.

Maria Plumtree, from Plumtree and Associates, said the price for home repairs was also determined by lenders and Eco Technology had stopped offering PACE before the order, because homeowners complained after they realized they had to pay interest – something Plumtree said Eco Technology was not aware of.

The order did not mention PACE lenders and The Times could not immediately confirm their identity.

In the past, major lenders said most consumers had positive experiences with PACE and that they had instituted reforms and taken action against contractors who were proven to misrepresent financing.

Mark Leyes, a spokesperson for the Business Supervision Department, said that although Eco Technology is no longer working with PACE lenders, the department is taking action to stop companies from working with PACE lenders in the future.

Citing contractor supervision difficulties as justification, Los Angeles County recently ended its PACE program. Even so, homeowners in this area can still access PACE funding through statewide programs if their city allows it.

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PRR. Banco do Fomento invites companies to offer new financial instruments – Observer



PRR.  Banco do Fomento invites companies to offer new financial instruments – Observer

Banco Português de Fomento started a public consultation this Friday aiming to receive contributions to launch new instruments under the Recovery and Resilience Plan (PRR) which still has 475 million euros.

In a statement, the organization stressed that it intends to invite companies and all stakeholders to participate in public consultations on “future capital and quasi-capital decisions.”

According to PRR, Banco Português de Fomento (BPF) has been cast in “structuring and distribution of capital decisions and quasi-equity capital of a total of €1,425 million under the Capitalization and Business Innovation component of the PRR.

The Belarusian Popular Front still has 475 million euros to launch new programs, the organization’s press release emphasizes.

The public consultation is aimed at soliciting contributions under “the terms of two pre-structured financial instruments designed to encourage company formation and/or capitalization of businesses, primarily in the start-up phases”, “Venture Capital Program” (an instrument that assumes a fund structure of funds)” and “The Deal Co-investment Program (an instrument that takes the form of direct investment in companies, always in co-investment with private investors)”.


“These tool proposals are aimed at facilitating market entry and growth/expansion of viable companies through the development new products/services or markets and strengthening and professionalization of personnel, including the management team,” the BNF press release further emphasizes.

The public consultation is also aimed at obtaining “other proposals for new capital and quasi-capital solutions in accordance with the terms of the aforementioned capitalization funds, which are considered relevant and necessary because they are considered unavailable at the time, or existing conditions that prevent access and use.”

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Ana Carvalho, CEO of BPF, emphasized that these public consultations “are aimed at building an open dialogue with all actors of the business ecosystem, with to improve workflows and identify market failuresand the most appropriate solutions to overcome them.”

“Although we are actively in contact with various associations and institutions, this public comment allows all interested parties to participate, especially potential beneficiaries and partners involved in these measures,” he added, quoted in a press release.

All information and technical descriptions of the two pre-structured products are available on the Banco Português de Fomento website at the link

Suggestions or offers must be submitted online for a thorough assessment by the Belarusian Popular Front until 18:00 on December 19, this body further explained.

The mission of Banco Português de Fomento is to support the economic and social development of Portugal by creating and providing innovative, competitive and appropriate solutions to the needs and challenges of the business ecosystem, enhancing entrepreneurial potential, investment and job creation, and promoting sustainability and economic, social and territorial cohesion of the country.

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FESTin returns to distribute Portuguese-language cinema worldwide | Cinema



FESTin returns to distribute Portuguese-language cinema worldwide |  Cinema

For the 13th edition, FESTin’s mission remains the same: “Bring cinema in Portuguese to the whole world.” So says co-director Adriana Niemeyer by phone with PÚBLICO on the eve of the start of the film festival, which starts this Friday and runs until next week, ending on Wednesday the 14th at LX Factory at 7:00 pm, in Espaço Talante, inside the bookstore Ler Devagar , with a screening of four Brazilian short films chosen by Antonio Grassi, the actor in charge of the space, followed by a toast.

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VARIOUS. Portuguese project that wears a shirt for mental health



VARIOUS.  Portuguese project that wears a shirt for mental health

Little phrases with big meaning sometimes fit into T-shirtright now in bag da Ivory, a project that began in the year of the pandemic and has been interventionally warning about mental health issues ever since.

Francisco Soares Ganzo, the founder, first suffered a panic attack when he was in 10th grade, but ended up not paying much attention to signs that something was wrong. Then the mental health problem reappeared later, at a different stage in life and with different symptoms.

“Four years ago, I started experiencing constant anxiety, to the point that I couldn’t sleep,” says 25-year-old Francisco Versa. “Basically, I put a lot of pressure on myself from the women with whom I had relationships. It was Wednesday masculinity, competition,” he continues.

Early adulthood began with this “almost obsession to be with women” and get the best. performanceto the point where he became very anxious whenever he had sexual relations with a woman.

“The peak was when I couldn’t sleep. My brain was always on and I started taking pills to help me sleep,” says Francisco.

In 2019, he decided to see a therapist rather than a psychologist because he thought it was only “for wimps”, but it wasn’t, and Francisco later figured it out.

Today, he wants to convey the same message, and to do so, he created the Ivory project in 2020, consisting of clothes and accessories with special messages that form a bridge to the necessary incentive for those in need of help.

“When I finally worked up the courage to ask for help, I was like, ‘Wow, I wish I had started sooner. That’s why I started this project. I lacked something that would motivate me to go to therapy earlier. clothes are meant to spread information,” he says.

But Ivory goes far beyond what is written in sweatshirts and accessories.

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Help that comes in order

“Everyone you know is fighting a battle you know nothing about.”

This is one of the messages recorded in t-shirts e sweats from ivory. It’s simple and affects everyone in their own way, but the focus of the Ivory team – also with a past or present marked by mental health issues – is not the phrases on the T-shirts, but what follows them.

“To say that mental health is talked about a lot is a lie. What I mean? When I hear the news that companies are very concerned about mental health or that it has become fashionable with COVID-19, it is all a lie. What people say is vague. Nobody tells stories. A person who is really bad, like I was, does not need to hear that he should go to the gym or eat well. He needs to hear a story like this.” .

Ivory’s next step is to create a space for sharing testimonies through Appendixjust to address this shortcoming. Until then, the project intends to function as anxiety And further to support in the field of mental health.

“For every order we have, a person receives Email mail to make an appointment. Because our goal is to really open doors, to do something that I didn’t have, ”says Francisco. “I feel like a lot of people buy ivory because they’re in bad condition, but they don’t want to take the next step to take care of themselves.”

If encouragement is not enough, an ivory sweater will be cozy and Email mail gives you the push you need to make an appointment with one of Ivory’s psychologists. All it takes is an Instagram post or an email.

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Sweaters and bags 100% organic cotton and mobile phone cases with phrases coined by Francisco Soares Ganzo and designs created by the whole team can be ordered at website.

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