The key provisions include as explained in our Client Alert on the bill
- Imposing price caps on all consumer-purpose installment loans, including unsecured loans, auto loans, and automobile title loans, along with open-end credit lines, where in actuality the number of credit is $2,500 or higher but not as much as $10,000 (“covered loans”). Continue reading “California Enacts Rate Of Interest and Other Limitations on Customer Loans”