In California, what is the maximum annual interest rate that Buona can charge, as stated in the addendum?

According to Buona's 2025 Franchise Disclosure Document, the maximum annual interest rate that Buona can charge in California is 10%. This information is found in the addendum to the Franchise Disclosure Document for the state of California, specifically amending Item 6 regarding "Other Fees."

This means that if a Buona franchisee in California incurs fees that are subject to interest, such as late payments or outstanding balances, the highest interest rate that Buona can legally apply is 10% per year. This limit is set to comply with California state law.

Prospective franchisees in California should be aware of this interest rate cap, as it protects them from excessively high interest charges on any fees they may owe to Buona. It is a relatively common practice for franchise agreements to specify interest rates on overdue amounts, and these rates are often governed by state-specific regulations.