Property Assessed Clean Energy (PACE) Program: Regulations, Opinions, and Releases

Final Regulations

PRO 02/17 – Effective October 1, 2021

NMLS Transition for California Financing Law Applicants and Licensees, and Requirements for PACE Program Administrators
ADOPT: Title 10, California Code of Regulations, Sections 1422.5.1, 1620.01, 1620.02, 1620.03, 1620.05, 1620.06, 1620.07, 1620.08, 1620.10, 1620.11, 1620.12, 1620.13, 1620.14, 1620.15, 1620.16, 1620.17, 1620.19, 1620.21, 1620.22, 1620.25, 1620.27, 1620.28, and 1620.29.

AMEND: Title 10, California Code of Regulations, Sections 1404, 1408, 1409, 1409.1, 1411, 1422, 1422.4, 1422.4.5, 1422.5, 1422.6.2, 1422.6.2, 1422.7.1, 1422.9, 1422.10, 1422.12, 1423, 1424, 1425, 1426, 1437, 1550, and 1552.

Effective Date: October 1, 2021

• Text of Final Rules (PDF)
• Final Statement of Reasons (PDF)
• OAL’s Notice of Approval and Endorsed Form 400 (PDF)

Electronic Surety Bond, Effective April 27, 2021
ADOPT: Title 11, California Code of Regulations, Section 31.28
Effective Date: April 27, 2021

• Text of Electronic Surety Bond, including STD. Form 400 (PDF)

Proposed Regulations

• None at this time

Historical Rulemaking Documents

PRO 02/17 – NMLS Transition for California Financing Law Applicants and Licensees, and Requirements for PACE Program Administrators
Fifth Modifications to Proposed Text

• PRO 02/17 Fifth Notice of Modifications (PDF)
• PRO 02/17 Fifth Proposed Modified Text (PDF)
• View Comments

Fourth Modifications to Proposed Text

• PRO 02/17 Notice of Fourth Modifications (PDF)
• PRO 02/17 Proposed Fourth Modified Text (PDF)

Third Modifications to Proposed Text

• PRO 02/17 Notice of Third Modifications (PDF)
• PRO 02/17 Proposed Third Modified Text (PDF)

Second Modifications to Proposed Text

• PRO 02/17 Notice of Second Modifications (PDF)
• PRO 02/17 Proposed Second Modified Text (PDF)

Modifications to Proposed Text

• PRO 02/17 Notice of Modifications (PDF)
• PRO 02/17 Proposed Modified Text (PDF)

Initial Proposed Text

• PRO 02/17 Notice (PDF)
• PRO 02/17 Proposed Text (PDF)
• PRO 02/17 Initial Statement of Reasons (PDF)

Invitation for Comments

• 2nd Invitation for Comments (PDF)
• Draft Text (PDF)
• View Comments for 2nd invitation
• Invitation for Comments (PDF)
• View Comments for 1st invitation

Stakeholder Meeting

On December 1, the DFPI 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 DFPI 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.

• DFPI PACE Meeting Dec. 1 – Transcript (PDF)

Summary of Operative Dates

• Summary of the Operative Dates and Provisions of AB 1284 (Chapter 475, Statutes of 2017) and SB 242 (Chapter 484, Statutes of 2017).