Utah Administrative Code
Topic - Governor
Title R362 - Office of Energy Development
Rule R362-5 - Commercial Property Assessed Clean Energy (C-PACE), Administrative Rules
Section R362-5-9 - Voluntary Energy Assessment Lien Procedures
Universal Citation: UT Admin Code R 362-5-9
Current through Bulletin 2024-06, March 15, 2024
(1) The third-party lender prepares documents for closing the financial transaction with the property owner.
(a) The property owner and third-party lender
enter into a financing agreement that contains the financing terms and
conditions that govern the transaction.
(2) The third-party lender provides the information and documentation required to designate a voluntary energy assessment area, levy an energy assessment, and assign the energy assessment lien, to OED and its third party delegate.
(a)
Notices shall include the financing agreement and exhibits, including the
energy assessment lien repayment schedule.
(3) OED shall designate to the third-party lender its authority to transmit to the Governing Body Clerk and Recorder, or its equivalent, the documentation required for recording the voluntary energy assessment lien on the real property.
(a)
After recording the energy assessment lien, the Governing Body Clerk and
Recorder, or its equivalent, files a copy of the energy assessment lien with
the Governing Body Assessor and coordinates with the third-party lender to
assign the energy assessment lien to the third-party lender.
Disclaimer: These regulations may not be the most recent version. Utah may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
