§ 1916

California Civil Code · 2026-10 edition · updated 2026-10-04 · California

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.

(Enacted 1872.)

Get a plain-English answer with a citation back to this text.

Ask AI about this code

Export this section

▸Contents — California Civil Code

California Civil Code

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.