California Health and Safety Code
§ 50960
HSC § 50960 Effective Jan 1, 2001Div. 31 · Part 3 · Ch. 2
Statute text
View on leginfo.ca.govA 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.
Legislative history
Added by Stats. 2000, Ch. 553, Sec. 4. Effective January 1, 2001.