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DIVISION 4. GENERAL PROVISIONS 3274-9566›PART 1. RELIEF 3274-3428›TITLE 2. COMPENSATORY RELIEF 3281-3360›CHAPTER 1. Damages in General 3281-3296›ARTICLE 2. Interest as Damages 3287-3291

§ 3289

California Civil Code · 2018-11 edition · updated 2026-10-04 · California

(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rate of interest stipulated by a contract remains chargeable after a breach thereof, as before, until the contract is superseded by a verdict or other new obligation.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.

(Amended by Stats. 1986, Ch. 176, Sec. 1. Effective June 23, 1986.)

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California Civil Code

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