Financial Code section 22303

Every licensee who lends any sum of money may contract for and receive charges at a rate not exceeding the sum of the following:

(a)

Two and one-half percent per month on that part of the unpaid principal balance of any loan up to, including, but not in excess of two hundred twenty-five dollars ($225).

(b)

Two percent per month on that portion of the unpaid principal balance in excess of two hundred twenty-five dollars ($225) up to, including, but not in excess of nine hundred dollars ($900).

(c)

One and one-half percent per month on that part of the unpaid principal balance in excess of nine hundred dollars ($900) up to, including, but not in excess of one thousand six hundred fifty dollars ($1,650).

(d)

One percent per month on any remainder of such unpaid balance in excess of one thousand six hundred fifty dollars ($1,650).
This section does not apply to any loan of a bona fide principal amount of two thousand five hundred dollars ($2,500) or more as determined in accordance with Section 22251.

Source: Section 22303, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=FIN§ionNum=22303.­ (accessed Jun. 2, 2025).

Last Updated

May 12, 2025

§ 22303’s source at ca​.gov