Section 18212.2 Of Article 2. Terms And Maximum Charges From California Financial Code >> Division 7. >> Chapter 3. >> Article 2.
18212.2
. In addition to the charges authorized by Section 18212 or
18212.1 an industrial loan company may contract for and receive an
administrative fee, which shall be fully earned immediately upon
making the loan, with respect to a loan of a principal amount of not
more than two thousand five hundred dollars ($2,500) at a rate not in
excess of 5 percent of the principal amount or fifty dollars ($50),
whichever is lesser. No administrative fee may be contracted for or
received in connection with refinancing a loan unless at least one
year has elapsed since receipt of a previous administrative fee paid
by the borrower.