Health and Safety Code section 50960

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.

Source: Section 50960, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=HSC§ionNum=50960. (accessed May 10, 2025).

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Last Updated

May 10, 2025

§ 50960’s source at ca.gov

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Location: https://california.public.law/codes/health_and_safety_code_section_50960

Original Source: Section 50960, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=HSC§ionNum=50960. (last accessed May 10, 2025).