Bulletin 2021-034 Solar Panel Checklist Update

Solar Panel Checklist Update

NewRez LLC "NewRez" Approved Correspondent Clients: please note, that the solar panel checklist has been updated reflecting the following:


  • Added a category for Solar Panels Owned Free and Clear:
    • There is no UCC1 Financing Statement or notice recorded against the subject property. In the event there is a UCC-1 Financing Statement, it must be released; and
    • The appraiser has recognized the existence of the solar panels and considered the solar panels in the appraiser’s opinion of the market value of the property.

  •  Added clarification that if the solar panels are financed as a fixture to real estate, and the UCC Fixture Filing is being terminated, nothing additional is required.