California Financial Code

§ 22303

FIN § 22303 Effective Jan 1, 1995Div. 9 · Ch. 2 · Art. 3

Statute text

Every licensee who lends any sum of money may contract for and receive charges at a rate not exceeding the sum of the following:

(a)Two and one-half percent per month on that part of the unpaid principal balance of any loan up to, including, but not in excess of two hundred twenty-five dollars ($225).

(b)Two percent per month on that portion of the unpaid principal balance in excess of two hundred twenty-five dollars ($225) up to, including, but not in excess of nine hundred dollars ($900).

…

Legislative history

Added by Stats. 1994, Ch. 1115, Sec. 2. Effective January 1, 1995. Operative July 1, 1995, by Sec. 5 of Ch. 1115.