California Financial Code

§ 22692

FIN § 22692 Effective Oct 4, 2017Div. 9 · Ch. 3.5

Statute text

(a)The commissioner shall require a program administrator to submit the following information in the annual report filed under Section 22159:

(1)Information beneficial to an evaluation of the overall impact on property owners caused by the 97 percent cap on total PACE and mortgage-related debt.

(2)Information beneficial to an evaluation of the overall impact on property owners caused by the use of an automated valuation model in determining the market value of property subject to a PACE assessment.

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Legislative history

Added by Stats. 2017, Ch. 475, Sec. 71. (AB 1284) Effective October 4, 2017. Section operative January 1, 2019, pursuant to Section 22696.