California Proposition 19, Overcharging Interest Penalties Measure (1970)
| California Proposition 19 | |
|---|---|
 | |
| Election date November 3, 1970 | |
| Topic Business regulation | |
Status Approved | |
| Type State statute | Origin State legislature |
California Proposition 19 was on the ballot as a legislatively referred state statute in California on November 3, 1970. It was approved.
A “yes” vote supported changing the penalty for charging interest in an amount greater than allowed by law from a misdemeanor to a felony. |
A “no” vote opposed changing the penalty for charging interest in an amount greater than allowed by law from a misdemeanor to a felony. |
Election results
|
California Proposition 19 |
||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
|
|
3,766,737 | 71.61% | ||
| No | 1,493,047 | 28.39% | ||
Text of measure
Ballot title
The ballot title for Proposition 19 was as follows:
| “ | Usury | ” |
Ballot summary
The ballot summary for this measure was:
| “ | Submitted by Legislature. Deletes present misdemeanor penalty provisions for charging interest in excess of specified limits. Adds felony penalty provisions for an unlicensed or nonexempted person making or negotiating a loan providing for interest in excess of limits . NO set by law. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
A simple majority vote was needed in each chamber of the California State Legislature to refer the measure to the ballot for voter consideration.
See also
External links
Footnotes
 |
State of California Sacramento (capital) |
|---|---|
| Elections |
What's on my ballot? | Elections in 2025 | How to vote | How to run for office | Ballot measures |
| Government |
Who represents me? | U.S. President | U.S. Congress | Federal courts | State executives | State legislature | State and local courts | Counties | Cities | School districts | Public policy |
