Renew Financial
High Risk (D) — Insolar Honesty Grade
Renew Financial operates as a successor entity to portions of the Renovate America PACE business following Renovate America's December 2020 Chapter 11. The company services legacy PACE assessments and offers conventional energy-efficiency loans. CFPB and multi-state AG investigations continue against the legacy book; new origination practices are subject to AB-2533 and AB-1066 ability-to-repay statutes.
Where this grade comes from
Public-record events
- Federal multi-state PACE class action filed March 2025 — Renew Financial named
- CA Department of Real Estate ongoing oversight under AB-2533
- CFPB investigation: legacy PACE disclosure practices (ongoing)
- MO AG, FL AG: pending consumer restitution discussions
/ Best for
Limited recommendation for new origination. Property owners with legacy Renovate America / Renew Financial PACE assessments should review payoff and class-action notice options.
/ Watch out for
Renew Financial's legacy PACE book carries the documented risk profile of the broader PACE category. New loan origination practices are improved but the entity carries significant legacy exposure.
Have direct evidence of an issue with Renew Financial?
Report a new regulatory filing, court ruling, complaint pattern, or sales-practice issue. Verified submissions feed the next quarterly Honesty Index refresh. We only accept reports backed by documentation (filing numbers, screenshots, contracts).