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Committee considers SB 784 aimed at curbing predatory home‑improvement financing and dealer‑driven loans
Summary
SB 784 would require a lender confirmation call, extended cancellation rights and prevent lenders from collecting payments until financed home improvements are complete and operational. Supporters said the bill targets fraud that leaves vulnerable homeowners with liens and unusable systems; some industry groups urged technical changes.
Senator Rosso presented SB 784 (filed as the author spoke for a bill addressing predatory financing tied to home‑improvement projects such as solar, heat pumps and roofing). The bill responds to growing consumer complaints in which salespeople sign homeowners to loans on a tablet, collect funds through a lender, and disappear before systems are operational — leaving the homeowner with debt and lenders pointing to contractors.
Housing and Economic Rights Advocates (HERA) staff described clients with debilitating outcomes: an…
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