CA SB1087

Requires program administrators to maintain written processes for enrolling and canceling PACE solicitors and solicitor agents, including background checks and compliance monitoring at least every two years.

Modifies property owner income verification requirements to allow verification after contract execution if unable to verify before, and requires assessment contracts to include disclosure that program administrators are responsible for financing differences when owners cannot pay annual PACE obligations.

Authorizes program administrators to rely on appraisals obtained from property owners if conducted by state-licensed appraisers in connection with consumer credit transactions, and requires market value disclosure before contract signing.

Strengthens enforcement by requiring the commissioner to maintain public lists of enrolled and deauthorized PACE solicitors and agents on the department's website starting January 1, 2020, and shortens response time to violations to five business days for unsafe or injurious conduct.

Prohibits contractors from commencing work or delivering property under home improvement contracts if property owners apply for but are not approved for requested PACE financing, requiring restoration and return of all consideration at no cost to the owner.