Statute · California Civil Code
Cal. Civ. Code § 1916 — Loan of Money
Cal. Civ. Code § 1916
- Type
- Statute
- Source
- California Civil Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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.
Citator
Cal. Civ. Code § 1916 — Loan of Money is in force in the current edition of the Code, and nothing recorded condemns it.
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.