California Legal Codes and Statutes

§ 1916

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.

Cite this section

Cal. Civ. Code § 1916 (2026)
https://ca.codecond.com/codes/civ/division-3-obligations/part-4-obligations-arising-from-particular-transactions/title-4-loan/chapter-3-loan-of-money/section-1916

Other sections in Chapter 3 - Loan of Money

§ 1912§ 1913§ 1916§ 1916.1§ 1916.11§ 1916.12

This content is for reference, learning, and study purposes only. All legal text should be verified against the official California Legislative Information website, which is the authoritative source for California law. Data last processed: February 17, 2026.