Previous paleomagnetic studies of accreted oceanic rocks within the Franciscan Complex of northern California have concluded that these rocks originated far to the south of their present positions with respect to the North American continent. Based on positive “fold” tests, the characteristic remanent magnetizations were inferred to predate accretion-related deformation and metamorphism, and to have been acquired during or soon after deposition of these rocks. Thus, the paleomagnetic data were thought to provide direct information on ancient oceanic plate motions. However, the plate motions implied by some of these paleomagnetic data are problematic (e.g., exceptional plate velocities), and uniform-polarity magnetizations in almost all of these rocks indicate the possibility of remagnetization. Recent work on oceanic rocks in similar subduction complexes of Japan and Mexico have shown that they were most likely chemically remagnetized during accretion prior to disruption of the original stratigraphic sequences. Modern analogs indicate that the oceanic rocks in Mexico were probably remagnetized while still part of a shallow-dipping subducting slab (<10°) at the base of an accretionary prism. Assuming these rocks were near horizontal at the time of remagnetization, paleolatitudes at which these rocks were subducted and subsequent arc-parallel displacements along the western margin of North America can be inferred. In this paper, Franciscan rocks in northern California are reinterpreted as also having been remagnetized prior to accretion-related deformation. This scenario satisfies both geologic and paleomagnetic constraints for these rocks, and resolves conflicts between data indicating both remagnetization and tectonic displacement. Transport of the Laytonville Limestone from the southern hemisphere is not required. Paleolatitudes of subduction and remagnetization in the northern hemisphere (12° to 33°) appear to be inversely proportional to age of accretion (middle Cretaceous to Oligocene) for the Franciscan rocks. Subsequent northward diplacements (800 to 3700 km) and clockwise rotations (56° and 154°) of these rocks inferred from the paleomagnetic data are consistent with potential displacements along the western margin of North America during late Mesozoic and Cenozoic time calculated using examples of modern subduction zones and current plate reconstruction models.