Automobile Sales Finance Act
Applied in 7 court decisions — leading case 105 Cal. App. 3d 65 - Hernandez v. Atlantic Finance Co. of Los Angeles (1980)
Most recently applied in 841 F. Supp. 2d 1121 - Medina v. Performance Automotive Group, Inc. (January 2012)
Amended by Stats. 1975, Ch. 66.
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
(a) An assignee of the seller’s right is subject to all equities and defenses of the buyer against the seller, notwithstanding an agreement to the contrary, but the assignee’s liability may not exceed the amount of the debt owing to the assignee at the time of the assignment.
(b) The assignee shall have recourse against the seller to the extent of any liability incurred by the assignee pursuant to this section regardless of whether the assignment was with or without recourse.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.