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Business ProfileforYgrene Energy Fund, Inc.
Current Alerts For This Business
On October 28, 2022, Ygrene Energy Fund Inc. agreed to a stipulated order (Case 2:22-cv-07864) brought against the company by the Federal Trade Commission and the State of California.
The action stems from allegations that consumers were harmed by Ygrene and by contractors Ygrene recruited and authorized to sell its PACE financing service. According to court documents, Ygrene failed to obtain consumers’ express, informed consent that the consumers’ home would be used as collateral to secure financing. It is alleged that consumers were given false information that liens placed on their home could be transferred with a property when sold or told that the lien would not interfere with the ability to refinance their home. It was also alleged that consumers weren’t given the ability to review documents that were being signed and that contractors forged the consumer’s signature by e-signing the contract without authorization.
Without any admission of wrongdoing, Ygrene has agreed to reach out to consumers with outstanding liens to establish if they personally signed the financing documents or authorized them to be signed by another party. In addition, Ygrene will dedicate $3 million to help release those liens placed deceptively, will stop deceiving consumers about the transferability of the PACE financing, will put a program in place to monitor the actions of contractors who sell their financing products and obtain consumer consent before causing a consumer’s property to be used as collateral to secure PACE financing.
At-a-glance
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Overview
Products & Services
Business Details
- Location of This Business
- 2100 S Mcdowell Boulevard Ext, Petaluma, CA 94954-6902
- Headquarters
- 6303 Blue Lagoon Dr Ste 400, Doral, FL 33126-6040
- BBB File Opened:
- 6/30/2016
- Years in Business:
- 13
- Business Started:
- 12/29/2010
- Business Started Locally:
- 5/26/2011
- Business Incorporated:
- 12/29/2010
- Licensing Information:
- This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.BBB records show a license number of NMLS1786844 for this business, issued by Florida Office of Financial Regulation. The expiration date of this license is 12/31/2024.
These agencies may include:
Florida Office of Financial Regulation
200 East Gaines Street
Tallahassee FL 32399
BBB records show a license number of 60DBO-91942 for this business, issued by Florida Office of Financial Regulation. The expiration date of this license is 12/31/2024.These agencies may include:
Florida Office of Financial Regulation
200 East Gaines Street
Tallahassee FL 32399
- Type of Entity:
- Corporation
- Number of Employees:
- 200
- Additional Contact Information
Phone Numbers
- (786) 864-8835Other Phone(Headquarters Phone Number)
Email Addresses
- Complaint(Headquarters Email Address)
- Inquiry(Headquarters Email Address)
Website Addresses
- (786) 864-8835
Local BBB
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