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Cal. Civ. Code § 2986.10

Vehicle Leasing Act

Applied in 1 court decision — leading case 102 Cal. App. 4th 977 - Lachapelle v. Toyota Motor Credit Corporation (2002)

Most recently applied in 102 Cal. App. 4th 977 - Lachapelle v. Toyota Motor Credit Corporation (October 2002)

Added by Stats. 1976, Ch. 1284.

(a) An assignee of the lessor’s rights is subject to all equities and defenses of the lessee against the lessor, notwithstanding an agreement to the contrary, but the assignee’s liability may not exceed the amount of the obligation owing to the assignee at the time of the assignment.

(b) The assignee shall have recourse against the lessor 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.