Pete Daoust
Contract or agreement for greater than 12% shall be null and void as to any agreement to pay interest (Civil Code �1916-2); debtor may recover treble amount paid; willful violation-guilty of loan-sharking, a felony and punishable by imprisonment in state prison for not more than 5 yrs. or county jail for not more than 1 yr. (Civil Code �1916-3) - See more at: http://statelaws.findlaw.com/california-law/california-interest-rates-laws.html#sthash.Z4C8yrfb.RLmriDbj.dpuf