Cal. Fin. Code § 7501

Current through the 2023 Legislative Session.

Section 7501 - Loan evidenced by note or instrument of obligation

Each real estate loan shall be evidenced by a note or instrument of obligation for the amount of the loan. The note or instrument shall specify the amount and terms of repayment including any penalty or charge for late payment, and may contain all other terms of the loan contract.

Ca. Fin. Code § 7501

Added by Stats. 1983, Ch. 1091, Sec. 2.