California § 1799.103 - No consumer credit contract or guarantee of a consumer credit contract shall prov
Full text of California Public Contract Code - PCC § 1799.103 — No consumer credit contract or guarantee of a consumer credit contract shall prov, with citation guidance and answers to common questions.
§ 1799.103. No consumer credit contract or guarantee of a consumer credit contract shall prov
No consumer credit contract or guarantee of a consumer credit contract shall provide for a security interest in any investment property, as defined in paragraph (49) of subdivision (a) of Section 9102 of the Commercial Code, that is pledged as collateral, unless (a) the contract either specifically identifies the investment property as collateral or (b) the secured party is a securities intermediary, as defined in paragraph (14) of subdivision (a) of Section 8102 of the Commercial Code, or commodity intermediary, as defined in paragraph (17) of subdivision (a) of Section 9102 of the Commercial Code, with respect to the investment property. The identification of an account shall include the name of the holder, account number, and name of the institute holding the investment property. In the event that a consumer credit contract or guarantee does not comply with this section, the security interest in the investment property is void.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1799.103
What does Public Contract Code - PCC § 1799.103 cover?
Section 1799.103 ("No consumer credit contract or guarantee of a consumer credit contract shall prov") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 1799.103?
A common citation format is "Public Contract Code - PCC § 1799.103" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 1799.103 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.