California Financial Code

§ 21200.9

FIN § 21200.9 Effective Jan 1, 2025Div. 8 · Ch. 2

Statute text

In addition to other allowed charges, a pawnbroker may collect a remote transaction fee, if the pledgor elects to request a replacement loan or to redeem a loan through electronic means, of up to 3.0 percent of the transaction amount to cover the recurring costs associated with software applications.

Legislative history

Added by Stats. 2024, Ch. 185, Sec. 3. (SB 1198) Effective January 1, 2025.