Cal. Health and Safety Code § 50960
Cal. Health and Safety Code § 50960
California · California Health and Safety Code · Status: effective · Effective 2001-01-01
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- Citation
- Cal. Health and Safety Code § 50960, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/869733
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Full text
A loan document for a loan that is not secured by real property and is made to a person, not including a firm, association, partnership, organization, corporation, limited liability company, or other group, however formed, shall state that the loan is a recourse obligation and that the personal property of the borrower may be subject to or sold pursuant to a lien in order to pay the obligation.