CA Usury Apply for OOS Investment?

[Eric Upchurch]

Hey everyone. I have a question about a deal I'm considering.

I live in CA and want to lend money to a rehabber out of state (MD). If I invested, say $100K at 15% for 6 months, with promissory note, will I be penalized for making more than 10%?

I know there are other threads on BP related, but they seem outdated and I don't see any clear answers for this scenario. I have also asked my CPA (waiting to hear back) and called a RE lawyer today who said the rules/usury limitations should apply to MD laws, not CA since the deal is OOS. But I just don't want to get caught up in anything illegal or that would cause a steep fine since I'm a CA resident.

Thanks.