{"code":"HSC","codeName":"Health and Safety Code","section":"50960","citation":"Health & Saf. Code, § 50960","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 31. HOUSING AND HOME FINANCE [50000. - 54949.]","url":"https://blackletter.si/health-and-safety-code/division-31"},{"name":"PART 3. CALIFORNIA HOUSING FINANCE AGENCY [50900. - 51532.]","url":"https://blackletter.si/health-and-safety-code/division-31/part-3"},{"name":"CHAPTER 2. Purposes and General Provisions [50950. - 50962.]","url":"https://blackletter.si/health-and-safety-code/division-31/part-3/chapter-2"}],"history":"Added by Stats. 2000, Ch. 553, Sec. 4.   Effective January 1, 2001.","effective":"2001-01-01","html":"<p>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.</p>","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.","otherVersions":[],"url":"https://blackletter.si/health-and-safety-code/purposes-and-general-provisions-50960","source":"California Legislative Information bulk export (pubinfo)"}