§ 31410
62 words·~1 min read·
/ca/financial-code/31410A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
This section creates and authorizes an exempt class of persons pursuant to Section 1 of Article XV of the State Constitution. The restrictions upon rates of interest contained in Section 1 of Article XV of the State Constitution shall not apply to any loans made by, or forbearances of, any licensee. This section shall apply retroactively to any such loans or forbearances.