Article 2. Interest as Damages - California Civil Code Section 3289
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California Laws > Civil Code > Article 2. Interest as Damages - California Civil Code Section 3289
3289. (a) Any legal rate of interest stipulated by a contract
remains chargeable after a breach thereof, as before, until the
contract is superseded by a verdict or other new obligation.
(b) If a contract entered into after January 1, 1986, does not
stipulate a legal rate of interest, the obligation shall bear
interest at a rate of 10 percent per annum after a breach.
For the purposes of this subdivision, the term contract shall not
include a note secured by a deed of trust on real property.
Last modified: February 16, 2015