California Codes, Civil Code - CIV, Division 4 — General Provisions, Part 1 — Relief, Title 2 — Compensatory Relief, Chapter 1 — Damages in General, Article 2 — Interest as Damages, Section 3289.5
For purposes of Section 3289, the rate of the contracted finance charge shall be the legal rate of interest stipulated by a retail installment contract subject to Chapter 1 (commencing with Section 1801) of Title 2 of Part 4 of Division 3.
Notes
Defines, for purposes of the referenced interest provision, the contracted finance-charge rate in a covered retail installment contract as the legal rate of interest stipulated by that contract. The definition applies to retail installment contracts subject to the specified chapter and uses the contract’s stipulated finance-charge rate as the legal interest rate for that referenced purpose.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 3289.5 | https://laws.lexinter.net/codes/california/civil-code/division-4/part-1/title-2/chapter-1/article-2/section-3289-5