Alabama § 5-19-8 Assignee of Seller Subject to Claims and Defenses of Buyer

Alabama Statutes

§ 5-19-8 — Assignee of Seller Subject to Claims and Defenses of Buyer

Alabama § 5-19-8

Title 5Banks and Financial Institutions

Ch. 19Consumer Finance

This text of Alabama § 5-19-8 (Assignee of Seller Subject to Claims and Defenses of Buyer) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 5-19-8 (2026).

Text

With respect to a consumer credit sale, an assignee of the rights of the seller is subject to all claims and defenses of the buyer against the seller arising out of the sale, notwithstanding an agreement to the contrary, but the assignee’s liability under this section may not exceed the amount owing to the assignee at the time the claim or defense is asserted against the assignee. Rights of the buyer under this section can only be asserted as a matter of defense to or setoff against a claim by the assignee.

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With respect to a consumer credit sale, an assignee of the rights of the seller is subject to all claims and defenses of the buyer against the seller arising out of the sale, notwithstanding an agreement to the contrary, but the assignee’s liability under this section may not exceed the amount owing to the assignee at the time the claim or defense is asserted against the assignee. Rights of the buyer under this section can only be asserted as a matter of defense to or setoff against a claim by the assignee.