Skip to main content

If an individual loans cash to another individual, do California usury laws apply to the interest rate that can be charged?

Cypress, CA |

If I loan $20,000 to a friend who really needs the money and he is happy to pay 15% for the loan, would it violate California law to do so?

Attorney Answers 2

  1. It might. An attorney would really need to review the agreement to give you a thorough answer.

  2. Yes it violates usury laws if it is a true loan and you are not a finance company or other exempt lender.,

State, local, and municipal law topics

Top tips from attorneys

What others are asking

Can't find what you're looking for?

Post a free question on our public forum.

Ask a Question

- or -

Search for lawyers by reviews and ratings.

Find a Lawyer

Browse all legal topics