Cal. Health & Saf. Code § 50960
Current through the 2023 Legislative Session.
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.
Ca. Health and Saf. Code § 50960