SECTIONS 1809.1 - California Statutes

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.