Title
USURY
Proposition Summary
Submitted by Legislature. Deletes present misdemeanor penalty provisions for charging interest in excess of specified limits. Adds felony penalty provisions for an unlicensed or nonexempted person making or negotiating a loan providing for interest in excess of limits . NO set by law.
Proposition Number
19
Year
1970
Document Type
Proposition
Pass/Fail
Pass
Popular Vote Results
Y: 3766737; A: 71.6; N: 1493047; B: 28.4
Election Type
General Election
Proposition Type
Initiative (leg)
Code Sections Affected
Amended "Usury Law" section 3
For Author
Charles J. Conrad, Speaker pro Tempore of the Assembly; John T. Knox, Member of the Assembly, Eleventh District
Against Author
Leo J. Ryan, Assemblyman, 27th District
Recommended Citation
USURY California Proposition 19 (1970).
https://repository.uclawsf.edu/ca_ballot_props/737