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Which provision of the California Constitution contains the state's usury law?

Correct Answer

C) Article XV

Article XV of the California Constitution contains the state's usury provisions, including the interest rate formula, exemptions, and penalties for usurious lending. This is unique because most states address usury through statutes rather than constitutional provisions.

Answer Options
A
Article I, Section 1
B
Article XX, Section 22
C
Article XV
D
Article XIII

Why This Is the Correct Answer

Article XV of the California Constitution contains the state's usury provisions, including the interest rate formula, exemptions, and penalties for usurious lending. This is unique because most states address usury through statutes rather than constitutional provisions.

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