Financial Code section 22686

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.

Source: Section 22686, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=22686. (accessed Jun. 2, 2025).

22680
22681
22682
22683
22684
22685
22686
22687
22688
22689
22690
22690.5
22691
22692
22693
22694
22695
22696
22697

Last Updated

May 12, 2025

§ 22686’s source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_22686

Original Source: Section 22686, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=22686. (last accessed May 12, 2025).