CA AB2063

Requires program administrators to license with the Commissioner of Business Oversight and establish enrollment processes for PACE solicitors and solicitor agents that are acceptable to the commissioner, with background checks required for agents.

Reduces the bankruptcy lookback period from 7 years to 4 years and shortens the mortgage late payment review period from 12 months to 6 months for property owners seeking PACE assessments.

Allows program administrators to consider income from a property owner's legal spouse or domestic partner who is not on title to the property, with written consent, and requires including that person's name in recorded assessment documents.

Requires program administrators to conduct oral confirmations of key assessment contract terms before execution and to include information that property owners must contact their home insurance providers to verify coverage for the efficiency improvements being financed.

Requires the commissioner to include all PACE assessments that were funded and recorded in annual composite reports submitted to the public.