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California Code, Civil Code - CIV § 1916.2

Current as of January 01, 2025 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - California Code, Civil Code - CIV § 1916.2 - last updated January 01, 2025 | https://codes.findlaw.com/ca/civil-code/civ-sect-1916-2/

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