What is the maximum annual interest rate Amorino can charge in California?

According to Amorino's 2025 Franchise Disclosure Document, the maximum annual interest rate that Amorino can charge in California is 10%. This applies to situations where franchisees may owe money to Amorino, and Amorino is charging interest on those late payments or outstanding balances.

It is important to note that while the maximum interest rate in California is 10% annually, Amorino also specifies an interest rate on late payments of 18% per year or the maximum percentage permitted by law. This indicates that Amorino will charge the lower of the two rates. So, while their standard rate is 18%, they will abide by California law and only charge up to 10% in that state.

Prospective franchisees in California should be aware of this interest rate and factor it into their financial planning. Understanding the terms for late payments and outstanding balances is crucial for maintaining a healthy financial relationship with Amorino and avoiding unnecessary costs.