The Judicial Misunderstanding Of California Usury Law

Law360, New York (May 9, 2014, 2:10 PM EDT) -- In its recent decision in Bisno v. Kahn, the California Court of Appeal for the First District held that agreements to forbear from enforcing judgments are not subject to California's usury law. Bisno further weakens a law that the California Supreme Court observed "is riddled with so many exceptions that the law's application itself seems to be the exception rather than the rule."[1]

The underlying action in Bisno v. Kahn involved allegations of fraud in the sale of real estate limited partnership units.[2] The plaintiffs in the underlying matter (the creditors) obtained judgments against defendant Robert H. Bisno in an amount...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!