Cal. HSC § 50960

Cal. HSC § 50960

Last amended: 2000Year: 2025Length: 68 wordsOfficial source
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.
Cal. HSC § 50960 | Justis AI