Statute · California Health and Safety Code
Cal. Health & Safety Code § 80375 — Loans Generally
Cal. Health & Safety Code § 80375
- Type
- Statute
- Source
- California Health and Safety Code
- Jurisdiction
- California
- Date
- 2023-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The rate of interest to be applied to loans made pursuant to this chapter shall be the same rate earned on investments in the Surplus Money Investment Fund during the loan repayment period. If a loan recipient defaults on a loan, the rate of interest to be applied to the loan shall be 10 percent…
Citator
Cal. Health & Safety Code § 80375 — Loans Generally is in force in the current edition of the Code, and nothing recorded condemns it.
The rate of interest to be applied to loans made pursuant to this chapter shall be the same rate earned on investments in the Surplus Money Investment Fund during the loan repayment period. If a loan recipient defaults on a loan, the rate of interest to be applied to the loan shall be 10 percent from the date of default, or whatever greater rate is reflected in the agreement entered into pursuant to subdivision (a) of Section 80520.