11/20/2022 0 Comments Pclp pace law![]() amount financed is no more than 15 percent of the value of the property up to the first $700,000 and is less than 10 percent of the remaining value of the property above $700,000).Īssembly Bill 1284 (Dababneh, Chap 475, Stats. PACE program administrators must review the amount of financing relative to the value of the home just as in a mortgage (i.e.income and assets versus debt obligation and household expenses) and before any work is commenced pursuant to the financing contract. PACE program administrators must determine the property owner’s reasonable ability to pay when approving financing (i.e. ![]()
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