It says that maximum consumer loan rate is 10% in California. However my credit card interest rate was never below 10%. Not sure how to interpret this.
Interest Rate Limits
consumer loans 10%non-consumer loans 5% above the FRBSF Discount Rate
- Article 15 Usury – California Constitution
- California Usury Law – UsuryLaw.com
- California Interest Rate Laws – FindLaw.com