Credit Cards
  
Home
Public Forum
Credit Reports
Apply For Cards
Credit Directory
Credit Articles
Credit Problems
International
Credit Glossary
Credit Laws
Business Credit
Merchants

 

 
   

TITLE 2. CREDIT SALES
CHAPTER 1. RETAIL INSTALLMENT SALES
Article 9. Terms of Purchase by Financing Agency
California Civil Code Section 1809.1




1809.1.  Notwithstanding any contrary provision of this title a
financing agency may purchase a retail installment contract or
installment account from a seller on such terms and conditions and
for such price as may be mutually agreed upon.  No filing of notice
or of the assignment, no notice to the buyer of the assignment, and
no requirement that the seller be deprived of dominion over payments
upon the contract or installment account or over the goods if
repossessed by the seller, shall be necessary to the validity of a
written assignment of a contract or installment account as against
creditors, subsequent purchasers, pledgees, mortgagees or
encumbrancers of the seller, except as may otherwise be required by
law.

 

 

 

 

California Credit Laws Menu

 

    Top Of Page






  

 

Privacy, Security, And Legal Notices

Copyright 1999 - 2019 Enkephalos Web Design