{"data":{"id":"us-ca/civ-1916","jurisdiction":"us-ca","citation":"CIV § 1916","heading":"","body":"When a rate of interest is prescribed by a law or contract, without specifying the period of time by which such rate is to be calculated, it is to be deemed an annual rate.","path":["Civil Code - CIV","DIVISION 3. OBLIGATIONS [1427. - 3273.91.]","PART 4. OBLIGATIONS ARISING FROM PARTICULAR TRANSACTIONS [1738. - 3273.91.]","TITLE 4. LOAN [1884. - 1923.10.]","CHAPTER 3. Loan of Money [1912. - 1916.12.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"06cdf8f126100b1e8b30abddd2348822292a52b13506c876c2a83a38996ff4ce","source_id":"us-ca","stale":false,"prev":"us-ca/civ-1915","next":"us-ca/civ-1916.1"},"notice":"GroundRules: Original legal text. Not legal advice."}