Does California's usury limitations constitute a "strong public policy"? Seemingly, that question was decided over a half-century ago by the First District Court of Appeal in Ury v. Jewelers Acceptance Corp., 227 Cal. App. 2d 11, 20, 38 Cal. Rptr....
California Court Of Appeal Says Forum Selection Clause Should Not Be Enforced In Usury Case
Posted on February 17, 2023
Court: OTC Company Has The Capacity To Protect Its Own Interests
Posted on July 26, 2022
Notably, California has a constitutional limitation on interest rates (Cal. Const. Art. XV, Section 1). Section 25118 exempts certain evidences of indebtedness that meet specified conditions. One of these conditions is that either:
Can Usury Ever Be Waived?
Posted on May 30, 2017
California courts have defined "usury" as "the exacting, taking or receiving of a greater rate than is allowed by law, for the use or loan of money." Ross v. Wheeler 140 Cal. App. 217, 222 (1934). The California Constitution sets the maximum rate...