{"code":"CIV","codeName":"Civil Code","section":"1916.2","citation":"Civ. Code, § 1916.2","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":"Added by Stats. 1987, Ch. 764, Sec. 5.","effective":null,"html":"<p>The restrictions upon rates of interest contained in Section <a href=\"/civ/1\">1</a> of Article XV of the California Constitution do not apply to any loans made by, or forbearances of, a public retirement or pension system that is created, authorized, and regulated by the laws of a state other than California, or the laws of a local agency of a state other than California.</p><p>This section establishes as an exempt class of persons pursuant to Section <a href=\"/civ/1\">1</a> of Article XV of the California Constitution, any public retirement or pension system that is created, authorized, and regulated by the laws of a state other than California, or the laws of a local agency of a state other than California.</p>","text":"The restrictions upon rates of interest contained in Section 1 of Article XV of the California Constitution do not apply to any loans made by, or forbearances of, a public retirement or pension system that is created, authorized, and regulated by the laws of a state other than California, or the laws of a local agency of a state other than California. This section establishes as an exempt class of persons pursuant to Section 1 of Article XV of the California Constitution, any public retirement or pension system that is created, authorized, and regulated by the laws of a state other than California, or the laws of a local agency of a state other than California.","otherVersions":[],"url":"https://blackletter.si/civil-code/loan-of-money-1916-2","source":"California Legislative Information bulk export (pubinfo)"}