California Proposition 3, the Usury Initiative (1918)
From Ballotpedia
California Proposition 3 was on the November 5, 1918 ballot in California as an initiated state statute, where it was approved.
Election results
| Proposition 3 | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
 Yes | 231,147 | 52.1% | ||
| No | 212,207 | 47.9% | ||
Ballot summary
Proposition 3's official ballot summary said:
- "Initiative act restricting and regulating rates of interest upon the loan or forbearance of money, goods, things in action, accounts and judgments; limits fees, charges and commissions in connection with loans of money; provides penalties for violation of law and repeals Sections 1917, 1918, 1919 and 1920 of the Civil Code and all conflicting laws."
See also
External links
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