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Earlier editions: 2020-112018-112026-09

DIVISION 3. OBLIGATIONS 1427-3273.91›PART 4. OBLIGATIONS ARISING FROM PARTICULAR TRANSACTIONS 1738-3273.91›TITLE 2. CREDIT SALES 1801-1812.35›CHAPTER 1. Retail Installment Sales 1801-1812.20›ARTICLE 4. Restrictions on Retail Installment Contracts 1804.1-1804.4

§ 1804.2

California Civil Code · 2026-10 edition · updated 2026-10-04 · California

(a) An assignee of the seller’s rights is subject to all equities and defenses of the buyer against the seller arising out of the sale, 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.

(Amended by Stats. 1975, Ch. 66.)

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