Utah Administrative Code (Current through November 1, 2019) |
R362. Governor, Energy Development (Office of) |
R362-5. Commercial Property Assessed Clean Energy (C-PACE), Administrative Rules |
R362-5-8. Underwriting
Latest version.
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(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.