California · Financial Code
FIN §7501: Each real estate loan shall be evidenced by a note or instrument of obligation for the amount of the loan.
What this law says, in plain English
Real estate loans must be documented with a written note or obligation instrument showing the loan amount.
Read the full statutory text
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.
Verify at the official source: California legislative text
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