7501. 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.(Added by Stats. 1983, Ch. 1091, Sec. 2.)
California Legal Code
§ 7501
Source: https://leginfo.legislature.ca.gov/faces/codes_displayText.xhtml?lawCode=FIN&division=2.&title=&part=&chapter=6.&article=6.· Version 2026