Cal. Fin. Code § 31410

Current through the 2023 Legislative Session.

Section 31410 - Exemption from constitutional restrictions upon rates of interest

This section creates and authorizes an exempt class of persons pursuant to Section 1 of Article XV of the State Constitution. The restrictions upon rates of interest contained in Section 1 of Article XV of the State Constitution shall not apply to any loans made by, or forbearances of, any licensee. This section shall apply retroactively to any such loans or forbearances.

Ca. Fin. Code § 31410

Added by renumbering Section 31953 by Stats. 1987, Ch. 867, Sec. 31.