1. A distributed generation system financier shall, in person or by telephone or videoconference, verbally:
(a) Confirm the identity of a borrower under an agreement for the provision of a distributed generation system loan or a lessee under an agreement for the lease of a distributed generation system;
(b) For a borrower, communicate to the borrower the terms and conditions of the agreement for the provision of a distributed generation system loan, including, without limitation, any fees charged by the distributed generation system financier;
(c) For a lessee, communicate to the lessee the information required to be included in a cover page pursuant to NRS 598.9809; and
(d) Confirm that the borrower or lessee understands the information communicated pursuant to paragraphs (b) and (c).
2. The verbal communication required by subsection 1 must be:
(a) Recorded by the distributed generation system financier; and
(b) Conducted before the commencement of the installation of the distributed generation system.
3. A distributed generation system financier shall maintain the recording required by subsection 2 for not less than 5 years after the date of the final inspection of the distributed generation system.