GoodLeap (Loanpal) — Lender Profile & FTC Holder Rule Guide
Headquartered in Roseville, CA and backed by Goldman Sachs, GoodLeap has funded over $4.5 billion in residential solar loans. GoodLeap relies on third-party solar installers and door-to-door dealers to originate contracts.
GoodLeap Loans & Installer Bankruptcies
If your installer (Pink Energy, Titan Solar, Vision, or Freedom Forever) went bankrupt or failed, GoodLeap is legally responsible under the FTC Holder Rule.
Hidden Dealer Fees & TILA Violations
Solar dealers frequently bury 15% to 35% "dealer origination fees" into the principal balance of GoodLeap loans without proper Truth in Lending Act (TILA) disclosures.
Why GoodLeap Is Liable Under 16 C.F.R. § 433
When homeowners experience non-working equipment, unfulfilled tax credit promises, or abandoned installations, GoodLeap often attempts to distance itself by claiming: "We are just the financing platform, not the solar company."
Federal law explicitly prohibits this defense:
If the solar dealer lied, failed to deliver a functional system, or forged documents, the homeowner has the legal right to withhold loan payments and demand a full loan rescission directly from GoodLeap.
Common GoodLeap Complaint Patterns
- Pink Energy Defective Generac Systems: Named in multi-state AG actions (KY, IL, IN, NC, PA, SC, VA, TN) demanding payment suspension for non-functioning rapid shutdown devices.
- Titan Solar Power Collapse: Thousands of Titan customers financed through GoodLeap were left with voided 25-year warranties and uncompleted electrical work.
- Concealed Dealer Fees: Adding up to $20,000 in upfront finance charges onto the cash price of a system to offer a deceptively low 2.99% or 3.99% APR.
Disputing a GoodLeap Solar Loan?
Elite Solar Recovery evaluates GoodLeap promissory notes, TILA disclosures, and dealer agreements for grounds to void the loan.
Sources & References
Every claim on this page is sourced from public records, court filings, regulatory announcements, or federal law. Review the primary sources below.
- 01FTC Holder Rule — 16 C.F.R. § 433 (Full Text)
The federal regulation requiring the preservation of consumer claims and defenses against loan holders.
- 02FTC Staff Issues Note on Holder Rule for Large Transactions (April 2021)
FTC guidance confirming the Holder Rule applies to solar and other large financed purchases.
- 03Minnesota AG — Solar Lending Complaint Announcement (March 2024)
Multi-state AG coalition action regarding solar lender practices and installer collapses.
- 04GoodLeap — Official Website
Verify loan servicing, account details, and current contact information.
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