DIVISION 8. PAWNBROKERS 21000-21307›CHAPTER 2. Pawnbroker Regulations 21200-21209
§ 21200.1
California Financial Code · 2018-11 edition · updated 2026-10-04 · California
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.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code