California Enacts Rate Of Interest and Other Limitations on Customer Loans
California Enacts Rate Of Interest and Other Limitations on Customer Loans As explained inside our customer Alert from the bill, the main element conditions consist of: Imposing price caps on all consumer-purpose installment loans, including unsecured loans, car and truck loans, and car name loans, along with open-end personal lines of credit, where in fact the level of credit is $2,500 or even more but not as much as $10,000 (“covered loans”). Before the enactment of AB 539, the CFL…