Repealed and added by Stats. 2013, Ch. 640, Sec. 11. (SB 763) Effective January 1, 2014. Repealed as of January 1, 2036, pursuant to Section 25299.117.
To defray the costs of the board in administering the loan program created pursuant to this chapter, the board may do all of the following:
(a)Impose reasonable charges on all applications and impose the loan fee specified in subdivision (d) of Section 25299.104.
(b)Recover
collection costs from the borrower or other party.
(c)Earn income on any asset recovered pursuant to a loan default.
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