Cal. Code Regs. tit. 25 § 8272

Current through Register 2024 Notice Reg. No. 50, December 13, 2024

Section 8272 - Fees

If the department utilizes a contractor to administer the direct loan program, the department authorizes the contractor to charge the applicant the following fees:

(a) At the time of loan application, a nonrefundable application fee not to exceed two hundred fifty dollar ($250.00).

(b) At the time a direct loan is closed and funded, a loan origination fee not to exceed one percent (1%) of the principal amount of the direct loan.

Cal. Code Regs. Tit. 25, § 8272

1. New section filed 4-16-99 as an emergency; operative 4-16-99 (Register 99, No. 16). A Certificate of Compliance must be transmitted to OAL by 10-13-99 pursuant to Education Code section 8277.6 or emergency language will be repealed by operation of law on the following day.
2. New section refiled 10-1-99 as an emergency; operative 10-13-99 (Register 99, No. 40). A Certificate of Compliance must be transmitted to OAL by 2-10-2000 or emergency language will be repealed by operation of law on the following day.
3. Repealed by operation of Government Code section 11346.1(g) (Register 2000, No. 9).
4. New section filed 2-2-2001; operative 2-2-2001 pursuant to Government Code section 11343.4(c) (Register 2001, No. 5).

Note: Authority cited: Section 8277.6(g), Education Code. Reference: Sections 8277.5(e)(3) and 8277.6(g), Education Code.