70C-2-205 - Assignee subject to defenses. - Utah Statutes

70C-2-205. Assignee subject to defenses.
With respect to a consumer credit sale, an assignee of the rights of the seller is subject toall defenses of the buyer against the seller arising out of the credit sale, but the assignee's liabilityunder this section may not exceed the amount owing to the assignee at the time the defense isasserted against the assignee, and the rights of the buyer may only be asserted as a matter ofdefense to or setoff against a claim by the assignee.

Enacted by Chapter 159, 1985 General Session