Chapter 32 — RESIDENTIAL REHABILITATION LOAN PROGRAM›Article VII — TERMS OF CONVENTIONAL RAP LOANS
SEC. 32.67. INTEREST RATES AND OTHER LOAN CHARGES.
San Francisco Administrative Code · 2025 edition · ingested 2026-07-08 · San Francisco
The interest rate and any other charges for a conventional RAP loan shall be established pursuant to the provisions of Sections 32.13 and 32.23, and may include:
(a) The interest charged the City and County on funds borrowed to carry out the provisions of this Chapter;
(b) An amount needed to provide for possible defaults on outstanding loans;
(c) An amount to cover the cost of servicing loan accounts;
(d) An amount to cover the cost of making hardship loans (as provided for in Article VIII); and
(e) An amount to cover the costs of issuing bonds.
(Added by Ord. 23-74, App. 1/9/74)