A corporation may charge the borrower or financial institution a loan fee or credit enhancement fee on all loans made or guaranteed by the corporation to defray the operating expenses of the corporation. The amount of the fee shall be determined by the directives and requirements.
Cal. Gov. Code § 63089.67
Corporations, Miscellaneous
Known as the Small Business Financial Assistance Act
The act spans §§ 63088–63089 (35 sections).
Added by Stats. 2013, Ch. 537, Sec. 4
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.