California Codes, Civil Code - CIV, Division 3 — Obligations, Part 4 — Obligations Arising from Particular Transactions, Title 4 — Loan, Chapter 3 — Loan of Money, Section 1914
Section Nineteen Hundred and Fourteen. Whenever a loan of money is made, it is presumed to be made upon interest, unless it is otherwise expressly stipulated at the time in writing.
Notes
Establishes a presumption that a loan of money is made with interest unless the parties expressly stipulate otherwise in writing at the time the loan is made. The presumption applies when money is loaned and is displaced only by an express written stipulation made at that time providing otherwise.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § [1914.] | https://laws.lexinter.net/codes/california/civil-code/division-3/part-4/title-4/chapter-3/section-1914