(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.
(3) Information beneficial to an evaluation of the overall impact on property owners caused by the emergency HVAC provisions.
(4) Information relevant to determining the overall impact on property owners of the absence of a minimum residual income threshold.
(b) The information received under this section shall appear in a separate section within the composite of the annual reports required to be prepared by the commissioner pursuant to Section 22160.
(c) This section does not limit the authority of the commissioner to require additional information from a program administrator under Section 22159.
(Added by Stats. 2017, Ch. 475, Sec. 71. (AB 1284) Effective October 4, 2017. Section operative January 1, 2019, pursuant to Section 22696.)
Last modified: October 25, 2018