Utah Admin. Code R362-5-11 - Servicing and Repayment
(1) The assessment
is repaid in installations over a period not to exceed 30 years.
(a) In the event of a default, payments may
not be accelerated to the total unpaid balance of the assessment.
(b) The third-party lender is be responsible
for, subject to, and in accordance with the terms of the financing agreement,
for all billing, collection, enforcement, and administrative duties pertaining
to the loan, the assessment payments, and the energy assessment lien.
(c) The state is not liable for
the acts or omissions of the C-PACE District or the C-PACE District's
directors, administrators, officers, agents, employees, third-party directors
or administrators, or third-party lenders, including any obligation, expense,
debt, or liability of the C-PACE District.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.