Financial Code § 22686

CHAPTER 3.5. Program Administrators

Current as of September 28, 2026Fin. Code, § 22686Official source ↗

Amended by Stats. 2018, Ch. 813, Sec. 9. (AB 2063) Effective January 1, 2019.

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.