DIVISION 3. OBLIGATIONS 1427-3273›PART 4. OBLIGATIONS ARISING FROM PARTICULAR TRANSACTIONS 1738-3273.16›TITLE 4. LOAN 1884-1923.10›CHAPTER 3. Loan of Money 1912-1916.12

§ 1916

California Civil Code · 2020-11 edition · updated 2026-10-04 · California

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.

(Enacted 1872.)

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California Civil Code

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