Cal. Civil Code § 1916 : Loan — California Civil Code — Obligations — Loan Of Money — Rate of interest deemed annual rate

  • Date:

Current through the 2016 Legislative Session

When a rate of interest is prescribed by a law or contract, without specifying the period of time by which such rate is to be calculated, it is to be deemed an annual rate.

Ca. Civ. Code § 1916
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