California Law (Last Updated: March 4, 2014) |
Civil Code - CIV |
Division 3. OBLIGATIONS |
Part 4. OBLIGATIONS ARISING FROM PARTICULAR TRANSACTIONS |
Title 2. CREDIT SALES |
Chapter 1. Retail Installment Sales |
ARTICLE 12.1. Repossession and Resale |
Section 1812.5.
Latest version.
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If the proceeds of the sale are not sufficient to cover items (1), (2) and (3) of Section 1812.4, the holder may not recover the deficiency from the buyer or from anyone who has succeeded to the obligations of the buyer.
(Amended by Stats. 1963, Ch. 1952.)