DIVISION 31. HOUSING AND HOME FINANCE 50000-54034›PART 3. CALIFORNIA HOUSING FINANCE AGENCY 50900-51511›CHAPTER 2. Purposes and General Provisions 50950-50962
§ 50960
California Health and Safety Code · 2018-11 edition · updated 2026-10-04 · California
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.
(Added by Stats. 2000, Ch. 553, Sec. 4. Effective January 1, 2001.)
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