A loan setup fee of five dollars ($5) or 3 percent, whichever is greater, may be charged for each loan. However, the maximum loan setup fee shall not exceed thirty dollars ($30). Loan setup fees are in addition to any other allowed charges.
(Amended by Stats. 2015, Ch. 245, Sec. 2. (SB 285) Effective January 1, 2016.)
Last modified: October 25, 2018