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