(a) (1) Before a property owner executes an assessment contract the program administrator shall do the following: (A) Make an oral confirmation that at least one owner of the property has a copy of the contract assessment documents required by paragraph (2) of subdivision (a) of Section 5898.20 or Section 5899, 5899.3, or 5899.4, or Section 53328.1 of the Government Code, as applicable, with all the key terms completed, the financing estimate and disclosure form specified in Section 5898.17, and the right to cancel form specified in Section 5898.16, with hard copies available upon request. (B) Make an oral confirmation of the key terms of the assessment contract, in plain language, with the property owner on the call or to a verified authorized representative of the owner on the call and shall obtain acknowledgment from the property owner on the call to whom the oral confirmation is given. (2) The oral confirmation required pursuant to paragraph (1) shall include, but is not limited to, all of the following information: (A) The property owner on the call has the right to have other persons present for the call, and an inquiry as to whether the property owner would like to exercise the right to include anyone else on the call. This shall occur at the onset of the call, after the determination of the preferred language of communication. (B) The property owner on the call is informed that they should review the assessment contract and financing estimate and disclosure form with all other owners of the property. (C) The efficiency improvement being installed is being financed by a PACE assessment. (D) The total estimated annual costs the property owner will have to pay under the assessment contract, including applicable fees. (E) The total estimated average monthly amount of funds the property owner would have to save in order to pay the annual costs under the PACE assessment, including applicable fees. (F) That the county annual secured property tax bill, which will include the installment of the PACE lien, will be mailed by the county tax collector no later than November 1 each year, and that if the lien is recorded after the fiscal year closes but before the bill is mailed, the first installment may not appear on the county tax bill until the following year. (G) The term of the assessment contract. (H) That payments on the assessment contract will be made through an additional annual assessment on the property and paid either directly to the county tax collectorâs office as part of the total annual secured property tax bill, or through the property ownerâs mortgage impound account, and that if the property owner pays taxes through an impound account, the property owner should notify the property ownerâs mortgage lender to discuss adjusting the monthly mortgage payment by the estimated monthly cost of the PACE assessment. (I) That the property will be subject to a lien during the term of the assessment contract and that the obligations under the assessment contract may be required to be paid in full before the property owner sells or refinances the property. (J) That the property owner has disclosed whether the property has received or is seeking additional PACE assessments and has disclosed all other PACE assessments or special taxes that are or about to be placed on the property, if known to and understood by the property owner. (K) That any potential utility savings are not guaranteed, and will not reduce the assessment payments or total assessment amount. (L) That the program administrator and contractor do not provide tax advice, and that the property owner should seek professional tax advice if the property owner has questions regarding tax credits, tax deductibility, or of other tax impacts on the PACE assessment or assessment contract. (M) That if that property tax payment is delinquent within the fiscal year, the county tax collector will assess a 10-percent penalty and may assess related costs, as required by sta
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