California Law (Last Updated: March 4, 2014) |
Financial Code - FIN |
Division 8. PAWNBROKERS |
Chapter 2. Pawnbroker Regulations |
Section 21200.1.
Latest version.
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A loan setup fee not to exceed five dollars ($5) or 2 percent, whichever is greater, may be charged for each loan. However, the maximum loan setup fee shall not exceed ten dollars ($10). Loan setup fees are in addition to any other allowed charges.
(Amended by Stats. 2008, Ch. 340, Sec. 2. Effective January 1, 2009.)