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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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Portuguese historical films will premiere on 29 December.



Portuguese historical films will premiere on 29 December.

Method Media Bermuda will present the documentary FABRIC: Portuguese History in Bermuda on Thursday, December 29 at the Underwater Research Institute of Bermuda.

A spokesperson said: “Method Media is proud to bring Bermuda Fabric: Portugal History to Bermuda for its 5th and 6th showing at the Bermuda Underwater Observatory. In November and December 2019, Cloth: A Portuguese Story in Bermuda had four sold-out screenings. Now that Bermuda has reopened after the pandemic, it’s time to bring the film back for at least two screenings.

“There are tickets For $ 20 – sessions at 15:30 and 18:00. Both screenings will be followed by a short Q&A session.

Director and producer Milton Raboso says, “FABRIC is a definitive account of the Portuguese community in Bermuda and its 151 years of history, but it also places Bermuda, Acors and Portugal in the world history and the events that have fueled those 151 years.

“It took more than 10 years to implement FABRIC. The film was supported by the Minister of Culture, the Government of the Azores and private donors.

Bermuda Media Method [MMB] Created in 2011 by producer Milton Raposo. MMB has created content for a wide range of clients: Bermuda’s new hospital renovation, reinsurance, travel campaigns, international sports and more. MMB pays special attention to artistic, cultural and historical content.

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Maestro de Braga is the first Portuguese in the National Symphony Orchestra of Cuba.



Maestro de Braga is the first Portuguese in the National Symphony Orchestra of Cuba.

Maestro Filipe Cunha, Artistic Director of the Philharmonic Orchestra of Braga, has been invited to conduct the Cuban National Symphony Orchestra, as announced today.

According to a statement sent by O MINHO, “he will be the first Portuguese conductor to conduct this orchestra in its entire history.”

In addition to this orchestra, the maestro will also work with the Lyceo Mozarteum de la Habana Symphony Orchestra.

The concerts will take place on 4 and 12 March 2023 at the National Theater of Cuba in Havana.

In the words of the maestro, quoted in the statement, “these will be very beautiful concerts with difficult but very complex pieces” and therefore he feels “very motivated”.

From the very beginning, Rachmaninoff’s Piano Concerto No. 2 will be performed by an Italian pianist (Luigi Borzillo), whom the maestro wants to bring to Portugal later this year. In the same concert, Mendelshon’s First Symphony will be performed.

Then, at the second concert, in the company of the Mexican clarinetist Angel Zedillo, he will perform the Louis Sfora Concerto No. 2. In this concert, the maestro also conducts Tchaikovsky’s Fifth Symphony.

“This is an international recognition of my work. An invitation that I accept with humility and great responsibility. I was surprised to learn that I would be the first Portuguese member of the Cuban National Symphony Orchestra. This is a very great honor,” the maestro said in a statement.

“I take with me the name of the city of Braga and Portugal with all the responsibility that goes with it, and I hope to do a good job there, leaving a good image and putting on great concerts. These will be very special concerts because, in addition to performing pieces that I love, especially Rachmaninov and Tchaikovsky, I will be directing two wonderful soloists who are also my friends. It will be very beautiful,” concludes Filipe Cunha.

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