Section 132 — Credit Contracts and Consumer Finance Act 2003: Provisions relating to assignment of credit contracts, consumer leases, or buy-back transactions

132 Provisions relating to assignment of credit contracts, consumer leases, or buy-back transactions (1) An assignee of a credit contract, a consumer lease, or a buy-back transaction from a creditor, a lessor, or a transferee takes the contract, lease, or transaction subject to all equities and to all rights and remedies under this Act that the debtor, the lessee, or the occupier has or would have against the original creditor, the original lessor, the original transferee, or any subsequent creditor, lessor, or transferee. (2) This section is subject to the Bills of Exchange Act 1908 . Compare: 1981 No 27 s 42