Utah Administrative Code
Topic - Governor
Title R362 - Office of Energy Development
Rule R362-5 - Commercial Property Assessed Clean Energy (C-PACE), Administrative Rules
Section R362-5-8 - Underwriting
Universal Citation: UT Admin Code R 362-5-8
Current through Bulletin 2024-06, March 15, 2024
(1) The third-party lender and property owner negotiate financing terms and conditions.
(a) Third-party lenders establish their own
financial underwriting standards and make their own determination about whether
to invest in a project, on a per project basis.
(b) Once the underwriting process is
complete, the third-party lender may issue a conditional approval or financial
commitment letter outlining the terms of the financing, including any
conditions of closing.
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