Civil Code section 1916

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.

Source: Section 1916, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CIV§ionNum=1916. (accessed May 10, 2025).

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Last Updated

May 10, 2025

§ 1916’s source at ca.gov

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Location: https://california.public.law/codes/civil_code_section_1916

Original Source: Section 1916, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CIV§ionNum=1916. (last accessed May 10, 2025).