§ 18350 Industrial Loan Company Fees

• •Industrial loan companies must pay their share of the costs to run the department that watches over them.
• •The amount each company pays is based on how much money they have compared to other companies.
• •The money they pay helps cover the department's expenses for the year and any extra costs from the current year.
• •If a company is checked by the department, they usually pay for that check separately, unless they can't.

Imagine there are three lemonade stands in a neighborhood. Each stand has to pay a small fee to the neighborhood association that makes sure all the stands are following the rules.

The amount each lemonade stand pays depends on how much money they make. If one stand makes a lot more money than the others, they pay a bigger share of the fee. This fee helps the neighborhood association do their job, like checking that the lemonade is safe to drink. If the association checks one stand specifically, that stand might have to pay extra for that check.