Title
USURY LAW
Proposition Summary
Initiative act restricting and regulating rates of interest upon the loan or forbearance of money, goods, things in action, accounts and judgments; limits fees, charges and commissions in connection with loans of money; provides penalties for violation of law and repeals Sections 1917, 1918, 1919, and 1920 of the Civil Code and all conflicting laws.
Proposition Number
3
Year
1918
Document Type
Proposition
Pass/Fail
Pass
Popular Vote Results
Y: 231147; A: 52.1; N: 212207; B: 47.9
Election Type
General Election
Proposition Type
Initiative
Code Sections Affected
Added "Usury Law". Repealed Cal. Civ. Code, sections 1917, 1918, 1919, and 1920, and all conflicting sections.
For Author
William E. Brown, State Senator Thirty-seventh District
Against Author
A. W. Sorenson
Recommended Citation
USURY LAW California Proposition 3 (1918).
https://repository.uclawsf.edu/ca_ballot_props/105