Additional information required in agreement for provision of distributed generation system loan

In addition to any other applicable requirements, an agreement between a distributed generation system financier and a borrower for the provision of a distributed generation system loan must include, without limitation: 1. The following information prominently displayed at the top of the first page of the agreement in at least 16-point font: (a) Notice of the term of the loan; and (b) A description of the consequences if the borrower dies before the loan is repaid. 2. The following information in at least 10-point font: (a) The name, mailing address, electronic mail address and telephone number of the distributed generation system financier. (b) A provision that provides that the borrower is not required to pay any money to the distributed generation system financier under the agreement, other than an initial down payment or deposit that may be charged in an amount that does not exceed $1,000 or 10 percent of the aggregate contract price, whichever is less, if the borrower has not paid that amount to the solar installation company under the agreement for the purchase of the distributed generation system, until: (1) If the distributed generation system will be connected to the power grid, the distributed generation system receives permission from the appropriate public utility to connect to the power grid. (2) If the distributed generation system will not be connected to the power grid, the distributed generation system passes a final inspection and becomes operational. (c) The granting to the borrower of the right to rescind the agreement for a period of: (1) For a borrower who is less than 60 years of age, 3 business days after the agreement is signed. (2) For a borrower who is 60 years of age or older, 10 business days after the agreement is signed. (d) The granting to the borrower of the right to rescind the agreement pursuant to NRS 598.982145. (e) A description of all the options available to the borrower in the event of a sale or transfer of the property to which the distributed generation system is affixed, including, without limitation, whether the borrower may transfer the agreement to the purchaser or transferee of the property, the conditions of any such transfer and the process to complete a payoff of the amount owed under the agreement.