{"code":"FIN","codeName":"Financial Code","section":"22303","citation":"Fin. Code, ยง 22303","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 9. CALIFORNIA FINANCING LAW [22000. - 22780.1.]","url":"https://blackletter.si/financial-code/division-9"},{"name":"CHAPTER 2. Consumer Loans [22200. - 22470.]","url":"https://blackletter.si/financial-code/division-9/chapter-2"},{"name":"ARTICLE 3. Loan Regulations [22300. - 22347.]","url":"https://blackletter.si/financial-code/division-9/chapter-2/article-3"}],"history":"Added by Stats. 1994, Ch. 1115, Sec. 2. Effective January 1, 1995. Operative July 1, 1995, by Sec. 5 of Ch. 1115.","effective":"1995-01-01","html":"

Every licensee who lends any sum of money may contract for and receive charges at a rate not exceeding the sum of the following:

(a) Two and one-half percent per month on that part of the unpaid principal balance of any loan up to, including, but not in excess of two hundred twenty-five dollars ($225).

(b) Two percent per month on that portion of the unpaid principal balance in excess of two hundred twenty-five dollars ($225) up to, including, but not in excess of nine hundred dollars ($900).

(c) One and one-half percent per month on that part of the unpaid principal balance in excess of nine hundred dollars ($900) up to, including, but not in excess of one thousand six hundred fifty dollars ($1,650).

(d) One percent per month on any remainder of such unpaid balance in excess of one thousand six hundred fifty dollars ($1,650).

This section does not apply to any loan of a bona fide principal amount of two thousand five hundred dollars ($2,500) or more as determined in accordance with Section 22251.

","text":"Every licensee who lends any sum of money may contract for and receive charges at a rate not exceeding the sum of the following: (a) Two and one-half percent per month on that part of the unpaid principal balance of any loan up to, including, but not in excess of two hundred twenty-five dollars ($225). (b) Two percent per month on that portion of the unpaid principal balance in excess of two hundred twenty-five dollars ($225) up to, including, but not in excess of nine hundred dollars ($900). (c) One and one-half percent per month on that part of the unpaid principal balance in excess of nine hundred dollars ($900) up to, including, but not in excess of one thousand six hundred fifty dollars ($1,650). (d) One percent per month on any remainder of such unpaid balance in excess of one thousand six hundred fifty dollars ($1,650). This section does not apply to any loan of a bona fide principal amount of two thousand five hundred dollars ($2,500) or more as determined in accordance with Section 22251.","otherVersions":[],"url":"https://blackletter.si/financial-code/loan-regulations-22303","source":"California Legislative Information bulk export (pubinfo)"}