California Financial Code

§ 21200.1

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

FIN § 21200.1 Effective Jan 1, 2020Div. 8 · Ch. 2

Statute text

View on leginfo.ca.gov

A loan setup fee of seven dollars and fifty cents ($7.50) or 3.5 percent, whichever is greater, may be charged for each loan. However, the maximum loan setup fee shall not exceed ninety dollars ($90). Loan setup fees are in addition to any other allowed charges.

Legislative history

Amended by Stats. 2019, Ch. 189, Sec. 1. (AB 1186) Effective January 1, 2020.