{"code":"FIN","codeName":"Financial Code","section":"22686","citation":"Fin. Code, § 22686","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 9. CALIFORNIA FINANCING LAW [22000. - 22780.1.]","url":"https://blackletter.si/financial-code/division-9"},{"name":"CHAPTER 3.5. Program Administrators [22680. - 22697.]","url":"https://blackletter.si/financial-code/division-9/chapter-3.5"}],"history":"Amended by Stats. 2018, Ch. 813, Sec. 9.   (AB 2063)   Effective January 1, 2019.","effective":"2019-01-01","html":"<p>A program administrator shall not execute an assessment contract, and no work shall commence under a home improvement contract that is financed by that assessment contract nor shall that home improvement contract be executed unless the program administrator makes a reasonable good faith determination that the property owner has a reasonable ability to pay the annual payment obligations for the PACE assessment.</p>","text":"A program administrator shall not execute an assessment contract, and no work shall commence under a home improvement contract that is financed by that assessment contract nor shall that home improvement contract be executed unless the program administrator makes a reasonable good faith determination that the property owner has a reasonable ability to pay the annual payment obligations for the PACE assessment.","otherVersions":[],"url":"https://blackletter.si/financial-code/program-administrators-22686","source":"California Legislative Information bulk export (pubinfo)"}