Chapter 40 — HOUSING CODE ENFORCEMENT LOAN PROGRAMArticle VII — TERMS OF LOANS

SEC. 40.24. 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 to the borrower for a HELP loan shall be established pursuant to the provisions of Sections 40.5 and 40.11, 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 issuing loans;

(d) An amount to cover the cost of servicing loan accounts;

(e) An amount to cover the costs of issuing bonds;

(f) An amount to cover the costs of the administration of the loans including, but not limited to, loan officer services, title report, and credit report.

(Added by Ord. 482-80, App. 10/17/80)

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