California § 1916.2. 1916.2. (Added by Stats. 1987, Ch. 764, Sec. 5.)

California Statutes

§ 1916.2. — 1916.2. (Added by Stats. 1987, Ch. 764, Sec. 5.)

California·Code CIV Civil Code - CIV·Div. 3. DIVISION 3. OBLIGATIONS·Title 4.·Part 4. TITLE 4. LOAN·Ch. 3. CHAPTER 3. Loan of Money

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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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.

California § 1916.2. (1916.2. (Added by Stats. 1987, Ch. 764, Sec. 5.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.