Fin. Code, § 22686 · Chapter 3.5. Program Administrators
Fin. Code, § 22686
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
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.
Notes and commentary — not statutory text
History
Amended by Stats. 2018, Ch. 813, Sec. 9. (AB 2063) Effective January 1, 2019.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=22686.
- Text hash
- sha256 944eb5be4c878d40ea483cfc38c5b80367226aa06adf07d7d3c95b9ab094fd37
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Cited by 3 provisions
Provisions in this library whose text cites Fin. Code, § 22686. Each shows the citation as that text prints it.
Streets and Highways Code
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