Statute · California Health and Safety Code
Cal. Health & Safety Code § 50960 — Purposes and General Provisions
Cal. Health & Safety Code § 50960
- Type
- Statute
- Source
- California Health and Safety Code
- Jurisdiction
- California
- Date
- 2001-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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…
Citator
Cal. Health & Safety Code § 50960 — Purposes and General Provisions is in force in the current edition of the Code, and nothing recorded condemns it.
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.