Health and Safety Code section 53060

“Holder-in-due course,” means the purchaser of a loan or loans from a financial institution that participates in, arranges, or finances a loan pursuant to the provisions of this part, and who takes the loan instrument:

(a)

For value;

(b)

In good faith; and

(c)

Without notice that it is overdue or has been dishonored or of any defense against or claim to it on the part of any person.

Source: Section 53060, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=HSC§ionNum=53060.­ (accessed May 13, 2025).

Last Updated

May 12, 2025

§ 53060’s source at ca​.gov