California · Financial Code
FIN §4979.8: The provisions of this division shall not impose liability on an assignee that is a holder in due course.
What this law says, in plain English
This statute prevents holders in due course who receive assigned rights from being held liable under this division's provisions.
Read the full statutory text
The provisions of this division shall not impose liability on an assignee that is a holder in due course. The provisions of this division shall not apply to persons chartered by Congress to engage in secondary mortgage market transactions.
Verify at the official source: California legislative text
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This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.