Legal Question in Credit and Debt Law in California

I have a personal loan from my significant other. Does she have to charge interest by california law?


Asked on 11/01/11, 7:17 pm

4 Answers from Attorneys

Scott Jordan Jordan Law Office

No.

Read more
Answered on 11/01/11, 7:21 pm
Tony Carballo Carballo Law Offices

No. It is optional with the lender.

Read more
Answered on 11/01/11, 7:24 pm

No, but technically you must declare market rate interest on the debt as income on your income taxes if you don't pay interest.

Read more
Answered on 11/01/11, 7:26 pm


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in California