BlackletterCalifornia law

Health and Safety Code § 50960

CHAPTER 2. Purposes and General Provisions

Current as of September 28, 2026Health & Saf. Code, § 50960Official source ↗

Added by Stats. 2000, Ch. 553, Sec. 4. Effective January 1, 2001.

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.