{"code":"CIV","codeName":"Civil Code","section":"1916","citation":"Civ. Code, § 1916","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 3. OBLIGATIONS [1427. - 3273.91.]","url":"https://blackletter.si/civil-code/division-3"},{"name":"PART 4. OBLIGATIONS ARISING FROM PARTICULAR TRANSACTIONS [1738. - 3273.91.]","url":"https://blackletter.si/civil-code/division-3/part-4"},{"name":"TITLE 4. LOAN [1884. - 1923.10.]","url":"https://blackletter.si/civil-code/division-3/part-4/title-4"},{"name":"CHAPTER 3. Loan of Money [1912. - 1916.12.]","url":"https://blackletter.si/civil-code/division-3/part-4/title-4/chapter-3"}],"history":"Enacted 1872.","effective":null,"html":"<p>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.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/civil-code/loan-of-money-1916","source":"California Legislative Information bulk export (pubinfo)"}