California PACE Program Finance Lender and/or Broker Bond
Bond Requirements & Set Rates
| Bond Amount Required | Annual Premium |
| $25,000 | $1,875 |
Lenders and brokers facilitating energy-efficient home improvements under California’s Property Assessed Clean Energy (PACE) programs must get a surety bond to comply with state regulations. Required by the California Department of Financial Protection and Innovation (DFPI), the California PACE program finance lender and/or broker bond protects homeowners and the state from fraudulent practices, ensuring lenders and brokers adhere to the California Financing Law.
Cost of a California PACE Program Finance Lender and/or Broker Bond
The $25,000 California PACE program finance lender and/or broker bond is available for $1,875 with NNA Surety. Secure the surety bond today.
How the California PACE Program Finance Lender and/or Broker Bond Works
The California PACE program finance lender and/or broker bond is a financial safeguard that allows property owners to finance energy efficiency, renewable energy, and water conservation improvements through property tax assessments.
This surety bond involves three essential parties:
- Principal: Licensed PACE lender or broker (you)
- Obligee: California Department of Financial Protection and Innovation
- Surety: Bonding company
How to Get the California PACE Program Finance Lender and/or Broker Bond
Here are the steps to getting the PACE program bond:
- Submit this online application.
- Pay the premium for the bond.
- File the bond with the California Department of Financial Protection and Innovation.
Apply for Your California PACE Program Finance Lender and/or Broker Bond
NNA Surety’s streamlined process makes it easy to secure your California PACE program finance lender and/or broker bond quickly and affordably. Complete this application today to meet California’s bonding requirements with ease.