§ 22686

California Financial Code · 2026 edition · updated 2026-10-04 · California

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.

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

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California Financial Code

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