Financial Code section 31410

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.

Source: Section 31410, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=FIN§ionNum=31410.­ (updated Jan. 1, 1987; accessed Jun. 30, 2025).

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Verified:
Jun. 30, 2025

§ 31410's source at ca​.gov