Chapter 32 — RESIDENTIAL REHABILITATION LOAN PROGRAM›Article II — RESPONSIBILITIES OF BOARD OF SUPERVISORS

SEC. 32.14. REVISION OF LOAN CHARGES.

San Francisco Administrative Code · 2025 edition · ingested 2026-07-08 · San Francisco

Prior to any revision of the fees, charges and interest rates for financing residential rehabilitation, the Board of Supervisors shall prescribe standards for the revision of such fees, charges and interest rates. Such standards:

(a) Shall be adopted by the Board of Supervisors after a public hearing preceded by public notice to affected parties; and

(b) May reflect only changes in interest rates on the City and County's bonds, losses due to defaults, and bona fide changes in loan servicing charges related to the administration of a program under the provisions of this Chapter.

(Added by Ord. 23-74, App. 1/9/74)

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