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us-gu · Through P.L. 38-133 (June 4, 2026)

22 GCA § 57113: Liability of Assignees.

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Where this section sits in the code
  1. Title 22: Business Regulation
  2. Division 3 - Business and Professions Subject to Separate Licensing and Regulatory Requirements
  3. Chapter 57: Rental Purchase Agreements

(a) Assignees. For purposes of §§ 57111 and 57112 and this Section, the term >merchant= includes an assignee of a merchant. However, an action under § 57111 for a violation of this Chapter may be brought against an assignee only if the violation is apparent on the face of the rental-purchase agreement to which it relates. A violation apparent in the face of a rental-purchase agreement includes a disclosure that can be determined to be incomplete or inaccurate from the face of the agreement. An assignee has no liability in a case in which the assignment is involuntary.

(b) Consumer Acknowledgment. In an action by or against a assignee, the consumer's written acknowledgment of receipt of a disclosure shall be conclusive proof that the disclosure was made, if the assignee had no knowledge that the disclosure had not been made when the assignee acquired the rental-purchase agreement to which it relates.

Collected 2026-09-27T04:21:18Z. Source file · JSON

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