California Usury Laws for Private Mortgage Lending

Are you a private mortgage lender in California and want to make sure you’re not violating the state’s usury laws? In this video, we’ll cover the maximum interest rate that can be charged to a borrower, the exceptions to the usury rules, and a few things that unlicensed lenders need to know to stay compliant with the usury laws. While attending a California Mortgage Association conference, Rocky Butani interviewed Nema Dagbandhan, partner at Geraci Law Firm, who is an expert in compliance for private mortgage lenders throughout the United States.

Visit Geraci's profile on our website to learn about their legal services for private money and hard money lenders throughout the United States: https://pllk.io/graci

00:00 Introduction
01:24 Maximum Interest Rate in CA
01:45 CA Usury Exemptions
03:50 Extending or Modifying a Loan
06:54 Calculating APR for Usury
07:50 Unlicensed Lender Restrictions
08:56 Key Takeaway
09:36 Conclusion

Private Lender Link, Inc. is licensed by the California Department of Real Estate (CA DRE Lic. 02057741). Rocky Butani is the company's designated officer: CA DRE Broker Lic. 01893537

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