Cal. Civil Code § 3289
Cal. Civil Code § 3289
California · California Civil Code · Status: effective · Effective 1986-06-23
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- Citation
- Cal. Civil Code § 3289, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/789246
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Full text
(a) Any legal rate of interest stipulated by a contract remains chargeable after a breach thereof, as before, until the contract is superseded by a verdict or other new obligation.
(b) If a contract entered into after January 1, 1986, does not stipulate a legal rate of interest, the obligation shall bear interest at a rate of 10 percent per annum after a breach.
For the purposes of this subdivision, the term contract shall not include a note secured by a deed of trust on real property.