An assignee who purchases a California covered loan is:
Correct Answer
A) Subject to all claims and defenses the borrower could assert against the original lender
California's predatory lending law provides for assignee liability, meaning purchasers of covered loans inherit the borrower's claims and defenses against the original lender.
Why This Is the Correct Answer
California's predatory lending law provides for assignee liability, meaning purchasers of covered loans inherit the borrower's claims and defenses against the original lender.
More UST Questions
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