R362-5-11. Servicing and Repayment

  (1) The assessment is repaid in installations over a period not to exceed 30 years.

  (a) In the event of a default, payments may not be accelerated to the total unpaid balance of the assessment.

  (b) The third-party lender is be responsible for, subject to, and in accordance with the terms of the financing agreement, for all billing, collection, enforcement, and administrative duties pertaining to the loan, the assessment payments, and the energy assessment lien.

  (c) The state is not liable for the acts or omissions of the C-PACE District or the C-PACE District's directors, administrators, officers, agents, employees, third-party directors or administrators, or third-party lenders, including any obligation, expense, debt, or liability of the C-PACE District.