Section 50960 Of Chapter 2. Purposes And General Provisions From California Health And Safety Code >> Division 31. >> Part 3. >> Chapter 2.

. 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.