California Code of Regulations › Title 4 - Business Regulations › Division 13 - California Alternative Energy and Advanced Transportation Financing Authority › Article 5 - Gogreen Home Energy Financing Program › Section 10091.9 - Loan Enrollment

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) The terms and conditions of Eligible Loans, including interest rates, fees and other conditions, shall be determined solely by agreement between the PFI or PFL and the Borrower.
(b) A PFI or PFL shall be authorized to submit a loan enrollment application to enroll an Eligible Loan in the Program once that loan is closed by providing the information described in Section 10091.9(c)-(g)  in a format approved by the Authority.
(c) The following data points for the submitted loan will be provided to the Authority:
Data points
Data provided by:
Exceptions
Borrower Information
1
Borrower first and last name
Any
2
Borrower email
Any
3
Borrower phone number
Any
4
Borrower's credit score range, denoting a score of 580-640, 641-700, 701-760, 761-820, 821 or higher, or no credit score
PFI or PFL
5
An indication as to whether bill payment history was used in making the underwriting decision
PFI or PFL
6
Borrower's total debt-to-income ratio, denoting a range of less than 25%, between 25 and 35%, between 36 and 45%, or between 46 and 55%
PFI or PFL
Not required for Microloans
7
Borrower's relationship to property: 1) owner-occupier, 2) owner non-occupier, 3) renter or lessee, 4) other
Any
Eligible Property Information
8
Eligible Property address (Street address, city, and ZIP code)
Any
9
Census tract of Eligible Property
Any
Only required if the loan is a Microloan and the Lender is reporting the Borrower as an LMI Borrower for the purpose of a 20% Loss Reserve Contribution
10
Name(s) of the utility delivering electricity and gas, if applicable, to the Eligible Property
Any
For Microloans, only the name of the utility that corresponds to the fuel source for the EEM(s) is required unless the EEM(s) is a fuel switch measure as described in Section 10091.11(j)
11
The utility account number(s) for the Eligible Property, if applicable.
Any
For Microloans, only the account number that corresponds to the fuel source for the EEM(s) is required unless the EEM(s) is a fuel switch measure as described in Section 10091.11(j)
12
Number of units at the property being upgraded
Any
Project Information (for each contractor or Self-Installer's scope of work)
13
Registered name or DBA of the Participating Contractor; or indication of Self-installer
Contractor/Self-Installer/Project Developer
For Microloans, if the measure(s) are installed by a licensed contractor who is not a Participating Contractor, this data point is not required
14
Participating Contractor CSLB license number
Contractor/Project Developer
For Microloans or Self-Installer projects, this data point is not required
15
EEMs ID (For each EEM)
Any
16
Measure name (For each EEM)
Any
17
Quantity installed (For each EEM)
Any
18
Indication of whether the installation resulted in a fuel substitution for the measure (For each EEM)
Any
19
The total cost for each EEM and its installation
Any
20
The cost and description of any legal and practical measures required to complete the project, but that are not associated with any specific EEM(s)
Any
21
The cost and description of other additional related home improvement measures installed that are not listed as EEMs or which utilize a non-IOU fuel source.
Any
22
Total project cost
Any
23
Indication of whether the project added square footage to the home
Any
24
Date(s) the contractor(s) or Self-Installer completed the installation
Any
25
Indication of whether the Participating Contractor or Borrower has received or will apply for a utility, REN, or CCA energy efficiency rebate or incentive and the name of the rebate/incentive program and if known, the project ID
Any
26
Evidence of grid-interconnection
Any
Only required if the project includes the "Battery Storage Expansion" or "Solar Photovoltaic + Battery Storage" measures
27
Evidence of solar photovoltaic generation
Any
Only required if the project includes the "Battery Storage Expansion" measure
Loan Information
28
PFI's or PFL's name and Program Participation ID
PFI or PFL
29
Program ID (Indication that the Eligible Loan is being submitted for enrollment in the Program)
PFI or PFL
30
Loan officer name
PFI or PFL
31
The PFI's or PFL's internal loan identification number. This number should not be identical to a Borrower's account number with the PFI or PFL
PFI or PFL
32
Installer Type (Whether the project included a Self-Installer, Participating Contractor, professional installer who is not a Participating Contractor, and/or more than one Participating Contractor)
PFI or PFL
33
Total Loan Principal Amount
PFI or PFL
34
Claim-Eligible Principal Amount
PFI or PFL
35
Type of loan (e.g., term loan, retail installment contract, lease/service agreement)
PFI or PFL
36
Whether or not the loan is secured or unsecured
PFI or PFL
37
Term and maturity date
PFI or PFL
38
Date interest rate was finalized
PFI or PFL
39
Origination date
PFI or PFL
40
Interest rate, and whether it is fixed or variable
PFI or PFL
41
Whether Borrower has agreed to ACH auto pull
PFI or PFL
42
Whether the Borrower qualifies as an LMI Borrower for the purpose of a 20% Loss Reserve Contribution
PFI or PFL
Only required if the loan is a Microloan
43
Whether an IRBD has been applied to the reported interest rate and, if so, what the original interest rate was
PFI or PFL
(d) The following certifications from an authorized signatory of each Participating Contractor, if any participated in the project, shall be provided to the Authority:
(1) The Participating Contractor(s) who performed the work and completed the project is (are) licensed to perform the work related to the installation of the Eligible Improvements.
(2) In addition to other project requirements, the completed project also meets the following criteria:
(A) The submitted Eligible Improvements were installed.
(B) The submitted Eligible Improvements installed comply with Program requirements as outlined in these regulations.
(3) The installation of the Eligible Improvements complies with all the applicable California building standards (Title 24) and any additional laws, ordinances, regulations and standards applicable in the jurisdiction where the installation occurred.
(4) All permits required to install the Eligible Improvements have been secured or are in the process of being secured.
(5) The Borrower was provided with a Bill Impact Estimate.
(6) Safety testing was completed and passed if required by the project as specified in Section 10091.11(f).