Cal. Civil Code - CIV § 1902. Section 1902.
A loan for exchange is a contract by which one delivers personal property to another, and the latter agrees to return to the lender a similar thing at a future time, without reward for its use.
CHAPTER 2. Loan for Exchange [1902. - 1906.]
Cal. Civil Code - CIV 2.
in effectCal. Civil Code - CIV § 1903. Section 1903.
A loan, which the borrower is allowed by the lender to treat as a loan for use, or for exchange, at his option, is subject to all the provisions of this Chapter.
Cal. Civil Code - CIV § 1904. Section 1904.
By a loan for exchange the title to the thing lent is transferred to the borrower, and he must bear all its expenses, and is entitled to all its increase.
Cal. Civil Code - CIV § 1905. Section 1905.
A lender for exchange cannot require the borrower to fulfill his obligations at a time, or in a manner, different from that which was originally agreed upon.
Cal. Civil Code - CIV § 1906. Section 1906.
Sections 1893, 1895, and 1896, apply to a loan for exchange.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026