KRS 367.4778: Status of holder or assignee of consumer credit contract -- Limitation on

liability.

Any holder or assignee of a consumer credit contract shall be subject to the claims and

defenses that the consumer has against the seller or lessor of recreatio nal and retirement

use land notwithstanding whether the sale or lease is for a specific portion of real

property; an undivided interest in real property; or an easement, license, lease, or other

right to use real property. The liability of the assignee or holder under this statute shall

not exceed the amount due on the contract.