Cal. FIN § 22686
This is the official text of Cal. FIN § 22686, part of California’s Financial Code — regulates banks, credit unions, lenders, and other financial institutions.
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Official statutory 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.
Status: in_force · Read it on the official government site
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