California Statutes
§ 18037. — 18037. (Amended by Stats. 1983, Ch. 1124, Sec. 23.)
California·Code HSC Health and Safety Code - HSC·Div. 13. DIVISION 13. HOUSING·Part 2. PART 2. MANUFACTURED HOUSING·Ch. 5. CHAPTER 5. Sales and Escrows
Notwithstanding any agreement to the contrary, the holder of a conditional sale contract for which Regulation Z disclosures are required pursuant to Section 18036.5 is subject to all equities and defenses of the buyer against the seller, except as provided by Section 18036.5. However, the assignee’s liability may not exceed the amount of the debt owing to the assignee at the time of assignment. The assignee shall have recourse against the seller to the extent of any liability incurred by the assignee pursuant to this section whether the assignment was with or without recourse except to the extent of any written agreement between the seller and assignee
which expressly references this section and modifies its effect.
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California § 18037. (18037. (Amended by Stats. 1983, Ch. 1124, Sec. 23.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1983, Ch. 1124, Sec. 23. Operative July 1, 1984, by Sec. 57 of Ch. 1124.