California § 408.1. 408.1. (Added by Stats. 2022, Ch. 620, Sec. 5.)

California Statutes

§ 408.1. — 408.1. (Added by Stats. 2022, Ch. 620, Sec. 5.)

California § 408.1.

JurisdictionCalifornia

Code MVCMilitary and Veterans Code - MVC

Div. 2.DIVISION 2. THE MILITARY FORCES OF THE STATE

Part 1.PART 1. THE STATE MILITIA

Ch. 7.5.CHAPTER 7.5. Protections

This text of California § 408.1. (408.1. (Added by Stats. 2022, Ch. 620, Sec. 5.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Military and Veterans Code - MVC Code § 408.1. (2026).

Text

(a)For purposes of this section, “covered member” has the same meaning as in the Military Lending Act pursuant to Section 987 of Title 10 of the United States Code.

(b)A security interest in personal property other than a motor vehicle, off-highway vehicle, trailer, vessel, or aircraft is void, and cannot be perfected, if it would cause a loan procured by a covered member in the course of purchasing the personal property to be exempt from the requirements of Section 987 of Title 10 of the United States Code.

(c)A security interest in a motor vehicle is void, and cannot be perfected, if it would cause a loan procured by a covered member in the course of purchasing the motor vehicle to be exempt from Section 987 of Title 10 of the United States Code, and the loan also funds the purc

Free access — add to your briefcase to read the full text and ask questions with AI

(a)
For purposes of this section, “covered member” has the same meaning as in the Military Lending Act pursuant to Section 987 of Title 10 of the United States Code.
(b)
A security interest in personal property other than a motor vehicle, off-highway vehicle, trailer, vessel, or aircraft is void, and cannot be perfected, if it would cause a loan procured by a covered member in the course of purchasing the personal property to be exempt from the requirements of Section 987 of Title 10 of the United States Code.
(c)
A security interest in a motor vehicle is void, and cannot be perfected, if it would cause a loan procured by a covered member in the course of purchasing the motor
vehicle to be exempt from Section 987 of Title 10 of the United States Code, and the loan also funds the purchase of a credit insurance product or credit-related ancillary product.