San Francisco Administrative Code § 40.24 Interest Rates and Other Loan Charges

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)