Legal Opinion
De La Torre v. CashCall, Inc.
California Supreme Court
Decided August 13, 2018No. S241434PublishedCited by 40 opinions
1Opinion of the Court
CUÉLLAR, J.
**1007 *972 Under California law, can a loan contract include an interest rate term so high that it is "unreasonably and unexpectedly harsh," "unduly oppressive," or "so one-sided as to shock the conscience"? ( *973 Sanchez v. Valencia Holding Co., LLC (2015) 61 Cal.4th 899 , 910-911, 190 Cal.Rptr.3d 812 , 353 P.3d 741 ( Sanchez ).) What the Ninth Circuit asks us to resolve in this case is a more specific version of that question: Can the interest rate on consumer loans of $2,500 or more render the loans unconscionable under section 22302 of the Financial Code ? The answer is yes. An…
2Cases cited49 opinions
- Cel-Tech Communications, Inc. v. Los Angeles Cellular Telephone Co.California Supreme Court · 1999
- Armendariz v. Found. Health Psychcare Servs., Inc.California Supreme Court · 2000
- Bank of the West v. Superior CourtCalifornia Supreme Court · 1992
- Korea Supply Co. v. Lockheed Martin Corp.California Supreme Court · 2003
- Yamaha Corp. of America v. State Board of EqualizationCalifornia Supreme Court · 1998
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3Cited by40 opinions
- Oto, L. L.C. v. KhoCalifornia Supreme Court · 2019
- Brandon Hodges v. Comcast Cable CommunicationsCourt of Appeals for the Ninth Circuit · 2021
- Valdez v. Seidner-Miller, Inc., California Court of Appeal, 5th District2019
- Erhart v. Bofi Holding, Inc.District Court, S.D. California · 2019
- People v. Martin, California Court of Appeal, 5th District2018
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