The provisions of this division shall not impose liability on an assignee that is a holder in due course. The provisions of this division shall not apply to persons chartered by Congress to engage in secondary mortgage market transactions.
Cal. Fin. Code § 4979.8
Enforcement
Applied in 2 court decisions — leading case 34 Cal. 4th 1239 - American Financial Services Ass'n v. City of Oakland (2005)
Most recently applied in Akopyan v. Wells Fargo Home Mortgage, Inc. (April 2013)
Added by Stats. 2001, Ch. 732, Sec. 1
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.