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.­ (updated Jan. 1, 2019; accessed Jun. 25, 2025).

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Verified:
Jun. 25, 2025

§ 22686's source at ca​.gov