Cal. Civil Code § 1903 : Loan — California Civil Code — Obligations — Loan For Exchange — Lender allowed to treat loan as loan for use or exchange at lender's option Date: 14 Sep 2016 TEXT PDF Current through the 2016 Legislative Session 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. Ca. Civ. Code § 1903