Cooke v. Parton CA1/4
Usury is addressed in article XV, section 1 of the California Constitution, which sets permissible interest rates with many exceptions. As relevant here, that provision states that the interest rate for a loan of money primarily for personal, family, or household purposes may not exceed 10 percent per annum. (Ibid.) The interest rate for a loan of money not primarily for personal, family or household purposes may not exceed the higher o
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