MN SF1088

Establishes a 16-member Residential PACE Consumer Protection Legislation Task Force with representatives from realtors, banks, solar industry, cities, counties, AARP, and other stakeholder organizations to develop consumer protection recommendations for single-family residential energy improvement financing programs.

Task force must develop recommendations addressing PACE lien constraints on property sales, point-of-sale disclosure requirements, cost and fee transparency, foreclosure risks, underwriting standards, and protections for elderly and low-income homeowners.

Suspends all residential PACE financing programs under Minnesota Statutes sections 216C.435 to 216C.436 until legislation enacting consumer protections based on task force recommendations is passed.

Requires task force to submit findings and draft legislation recommendations to legislature by January 15, 2018, with task force expiring on that date.

Task force meetings are subject to Minnesota open meetings requirements; members serve without compensation and commissioner of commerce provides administrative support and serves as chair.