California Code of Regulations
Title 10 - Investment
Chapter 3 - Commissioner of Financial Protection and Innovation
Subchapter 2 - Corporate Securities
Article 4 - Standards for the Exercise of the Commissioner's Authority
Subarticle 8 - Investment Companies
Section 260.140.80 - Front-End Load Prohibited

A qualification will not be approved for the sale of open-end investment company shares pursuant to a contractual plan whereby more than a pro rata portion of the load or commission is deducted from any installment payment or whereby any charge, penalty or forfeiture is assessed for failure to make installment payments.