PACE Program Administrators

How to reach us:

Department of Business Oversight
Financial Services / California Financing Law
320 W. 4th Street, Suite 750
Los Angeles, CA 90013

Phone: (213) 576-7690
Fax: (213) 576-7574
Email: PaceHelp@dbo.ca.gov

Applications for a PACE Program Administrator License are available through the Nationwide Multistate Licensing System and Registry (NMLS).

Starting January 1, 2019, the Department of Business Oversight will license Property Assessed Clean Energy (PACE) program administrators and regulate the PACE industry.

Search for Enrolled PACE Solicitors or Enrolled PACE Solicitor Agents

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  • Enrolled PACE Solicitors Search

    A PACE solicitor is an organization authorized by a program administrator to solicit a property owner to enter into a PACE financing agreement for efficiency improvements on the owner’s property. Typically, a PACE solicitor is a contractor licensed by the Contractors’ State License Board.

  • Enrolled PACE Solicitor Agents Search

    A PACE solicitor agent is an individual employed or retained by, or acting on behalf of, a PACE solicitor to solicit a property owner to enter into a PACE financing agreement for efficiency improvements on the owner’s property. Typically, a PACE solicitor agent is a home improvement salesperson registered with the Contractors’ State License Board.

Regulations

Proposed Regulations

PRO 02/17 – NMLS Transition for California Financing Law Applicants and Licensees, and Requirements for PACE Program Administrators
Comment Period Ends: December 9, 2019

Invitation For Comments

4/19/18 – PRO 02/17 – Property Assessed Clean Energy (PACE) Program Administrators Comment Period Ends: June 8, 2018.

12/30/17 – PRO 02/17 – Property Assessed Clean Energy (PACE) Program Administrators Comment Period Ends: January 5, 2018.

Stakeholder Meeting

  • On December 1, the DBO held a workshop with interested persons to gather information on needed regulations for the effective oversight of PACE program administrators (Govt. Code, § 11346, subdivision (b)). The DBO is in the process of drafting regulations to implement the new law and seeks comments from interested parties prior to initiating a formal rulemaking action with the Office of Administrative Law.

Summary of Operative Dates

The Summary of Operative Dates is not an exhaustive list, but is intended to provide a general overview for compliance. A program administrator should review the law to ensure compliance with the specific requirements on the dates they become operative. A PACE program administrator must comply with the law upon its operative date. The Department will review a program administrator’s compliance with the law as of its operative date during the licensing process, during regulatory examinations, and as part of investigations and enforcement actions, where applicable.

Background

On October 4, 2017, Governor Brown signed AB 1284 (Chapter 475, Statutes of 2017). The bill renames the California Finance Lenders Law the California Financing Law. This change became effective upon signing, and sets forth a licensing scheme for Property Assessed Clean Energy (PACE) program administrators. A “program administrator” is a person administering a PACE program on behalf of a public agency. (Fin. Code, § 22018.) A PACE program provides financing for the installation of energy-efficiency improvements on real property with funding repaid through property tax assessments, as authorized by specified laws. (Fin. Code, § 22016.)

Last updated: Oct 23, 2019 @ 4:39 pm