About This Book
California Financial Code, Division 9 (California Financing Law), Chapter 3.5 (Sections 22680–22697) establishes a licensing and regulatory framework for Property Assessed Clean Energy (PACE) program administrators.
Key Provisions
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Definition & Licensing: Enacted under AB 1284, the law governs entities that administer PACE programs on behalf of public agencies. PACE allows property owners to finance energy-efficiency, renewable energy, and water-efficiency improvements, repaid through property tax assessments. All program administrators must be licensed and overseen by the California Department of Financial Protection and Innovation (DFPI).
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Solicitor Training: Administrators must establish and maintain DFPI-approved training programs for PACE solicitors and solicitor agents who interact with consumers.
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Registration & Oversight: Administrators must notify the DFPI of each enrolled solicitor and solicitor agent, and maintain books, records, and accounts accessible from their principal California location.
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Consumer Complaints: Administrators must implement formal policies and procedures to address consumer questions and complaints as soon as reasonably practicable.
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Examination Authority: Under Section 22690, the DFPI commissioner may inspect, examine, or investigate program administrators, solicitors, and solicitor agents—including reviewing records and compelling witness testimony—to prevent fraud or statutory violations.
Practice Tests Using This Book
This book is required or recommended for 1 licensing exam. Our practice tests include questions based on this material.