Cal. Code Regs. tit. 10 § 2612.04
Current through Register 2024 Notice Reg. No. 45, November 8, 2024
The rate of interest to be paid for such borrowing is a matter of private contract, but agreement to pay an excessive rate may invoke the ban of Section 839. Absent unusual circumstances, a rate of not more than 1 1/2 % above the prevailing prime bank rate is not regarded as excessive. (Secs. 839, 843)
Cal. Code Regs. Tit. 10, § 2612.04