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Violation Tracker Individual Record

Company: Ygrene Energy Fund, Inc.
Penalty: $3,000,000
Year: 2022
Date: October 28, 2022
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Ygrene agreed to a judgment of $22 million monetary relief in resolving allegations by the California Attorney General's Office and the Federal Trade Commission of misconduct relating to its administration of the Property Assessed Clean Energy (PACE) program. The company agreed to set up a $3 million escrow account for restitution to customers who were determined to have been mis-sold PACE loans. The remaining monetary judgment was suspended on condition of the company providing relief to all affected customers and complied with the injunctive terms of the settlement.
Level of Government: state
Action Type: agency action
Agency: California Attorney General
Civil or Criminal Case: civil
Facility State: California
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.