California Pollution Control Financing Authority

CalCAP/Seismic Safety Financing Program

California Pollution Control Financing Authority

How CalCAP/Seismic Safety Works

List of Participating Financial Institution Lenders

A Building Owner’s Preferred Financial Institution Can Apply to Participate

Infographic with arrow starting at header Building Owner Select Participating, with bullet, New lenders are welcome the arrow moves to header Building Owner Provides Documentation to Lender with bullet building code enforcement department's written notification of potential hazard. next bullet cost esimate by licensed professionals. Next bullet, Permits as required. The arrow contines to header Lender Underwrites Building Owner's Loan Applicatoin, with bullet, Lender makes loan to building owner. The arrow contines to header Lender Sends Enrollment application to CalCAP / Seismic Safety, with bullet, Lender submits building owner and lender portions of fees. The arrow continues to header Upon approval, CalCAP / Seismic safety enrolls loan in loan loss reserve (LLR), with bullet Building owner and lender fees are deposited in lender's loan loss reserve account. Second bullet CalCAP / Seismic safety contribution is deposited in lender's loan loss reserve account. The arrow contines to header fees and contributions are pooled with lender's other seismic safety LLR funds to be used for possible claims, with bullet, at loan maturity, CalCAP / Seismic safety contribution is recycled to be used in another CalCAP / Seismic safety loan. The arrow contines to the original header Building Owner Selects Participating Lender.