§ 5118. Fees.
10 CA ADC § 5118Barclays Official California Code of Regulations
10 CCR § 5118
§ 5118. Fees.
The Farm Lender shall be authorized to charge the Farm Borrower a fee of two percent (2%) of the amount of the Farm Borrower Loan, of which nine-tenths of a percent (.9%) shall be paid to USDA on any Guaranteed Farm Borrower Loan. The net servicing fee to the Farm Lender is thus two percent (2%) for a Nonguaranteed Farm Borrower Loan and one point one percent (1.1%) for a Guaranteed Farm Borrower Loan.
Credits
Note: Authority cited: Section 14024, Corporations Code. Reference: Sections 14067 and 14070, Corporations Code.
History
1. Repealer and new section filed 2-1-94 as an emergency; operative 2-1-94 (Register 94, No. 5). A Certificate of Compliance must be transmitted to OAL by 8-1-94 pursuant to Corporations Code section 14024 or emergency language will be repealed by operation of law on the following day. For prior history, see Register 89, No. 8.
2. Amendment filed 12-27-2004 as a deemed emergency pursuant to Corporations Code section 14024; operative 12-27-2004 (Register 2004, No. 53). A Certificate of Compliance must be transmitted to OAL by 6-27-2005 or emergency language will be repealed by operation of law on the following day.
3. Editorial correction of History 2 (Register 2005, No. 27).
4. Certificate of Compliance as to 12-27-2004 order, including amendment of Note, transmitted to OAL 5-25-2005 and filed 7-7-2005 (Register 2005, No. 27).
This database is current through 6/21/24 Register 2024, No. 25.
Cal. Admin. Code tit. 10, § 5118, 10 CA ADC § 5118
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