sacramento, california – of Contractor State Licensing Board (CSLB) warns consumers to beware of home renovation loan scams after three arrests in Los Angeles County.
CSLB investigators will Los Angeles County District Attorney’s Office Billing 3 people for a scam that cost the lender $3.4 million. The suspects Norbertas Sinica of Thousand Oaks, Serena Garcia of Riverside, and Keriams S. Chavistad Long Beach criminals face dozens of felony counts, including burglary, financial abuse of the elderly, identity theft, and Grand Theft.
CSLB investigators say it is owned and operated by Sinica eco technologywhose license was revoked by CSLB, but Garcia and Chavistad worked to solicit customers.Eco Technology promoted tankless water heaters and other energy-efficient products.
Consumers are said to have been told that the company offers a low-cost, energy-efficient upgrade. Eco Technology allegedly collects customer information and uses it to apply for loans through the Property Assessed Clean Energy (PACE) program for Eco Technology’s benefit. PACE enables property owners to fund energy upgrade projects as a tax assessment on property tax bills. The customer will then receive an invoice with the increased tax.
In another case, the California Department of Justice and the Federal Trade Commission recently announced a settlement Worked with Ygrene, a clean energy finance company, to resolve allegations of misconduct related to the administration of the PACE program. Upon investigation, Ygrene and many of its contractors failed to secure the consumer’s explicit informed her consent to use her home as collateral to secure a PACE loan, and instead sought their consent by phone or form. It turned out that I was impersonating a consumer. It is also alleged that Ygrene and her contractor rushed the property owner through Ygrene’s contract and misrepresented the consumer’s ability to refinance or sell the house before paying off her PACE loan. increase.
“Consumers looking to install a solar energy system for their home should review important information about solar power. CSLB Solar Smart Page,” Said CSLB Registrar David Fogt“Homeowners too CSLB website Secure 3 bids, Check license Before agreeing to a home improvement project, the contractor’s
The investigation into the ecotechnology incident is ongoing. According to the Los Angeles County District Attorney’s Office, many of the scam victims were elderly and did not speak English. If you believe you or someone you know is a victim of this scheme, please call CSLB. (916) 255-4161.
For solar or PACE related concerns, you can also: file a complaint At CSLB against contractors.
About CSLB: CSLB operates under the Consumer Affairs Bureau and Licensing umbrella and regulates approximately 285,000 contractors in California. In 2021, CSLB helped a consumer collect more than $44 million in refunds on her orders.