Statute · California Civil Code
Cal. Civ. Code § 3289 — Interest as Damages
Cal. Civ. Code § 3289
- Type
- Statute
- Source
- California Civil Code
- Jurisdiction
- California
- Date
- 1986-06-23
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) Any legal rate of interest stipulated by a contract remains chargeable after a breach thereof, as before, until the contract is superseded by a verdict or other new obligation.
Citator
Cal. Civ. Code § 3289 — Interest as Damages is in force in the current edition of the Code, and nothing recorded condemns it.
(a) Any legal rate of interest stipulated by a contract remains chargeable after a breach thereof, as before, until the contract is superseded by a verdict or other new obligation.
(b) If a contract entered into after January 1, 1986, does not stipulate a legal rate of interest, the obligation shall bear interest at a rate of 10 percent per annum after a breach.
For the purposes of this subdivision, the term contract shall not include a note secured by a deed of trust on real property.