Section 53060.
Cal. Health and Safety Code - HSC § 53060.
in effect“Holder-in-due course,” means the purchaser of a loan or loans from a financial institution that participates in, arranges, or finances a loan pursuant to the provisions of this part, and who takes the loan instrument:
(a)
For value;
(b)
In good faith; and
(c)
Without notice that it is overdue or has been dishonored or of any defense against or claim to it on the part of any person.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026