California Law (Last Updated: March 4, 2014) |
Government Code - GOV |
Title 6.7. INFRASTRUCTURE FINANCE |
Division 1. THE BERGESON-PEACE INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK ACT |
Chapter 6. Small Business Financial Assistance Act of 2013 |
ARTICLE 6. Corporations, Miscellaneous |
Section 63089.67.
Latest version.
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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.
(Added by Stats. 2013, Ch. 537, Sec. 4. Effective October 4, 2013.)