Assignors, assignees etc. of rights and obligations
8 Assignors, assignees etc. of rights and obligations
This Act applies to a person to whom the rights and obligations of—
a credit provider under a credit contract;
a debtor under a credit contract;
a guarantor under a contract of guarantee;
a credit provider under a contract of guarantee;
a mortgagee under a mortgage; or
a mortgagor under a mortgage—
have been assigned or transferred or have passed by operation of law in the same manner as this Act applies to the person by whom the rights and obligations were assigned or transferred or from whom the rights and obligations have passed by operation of law.
S. 8(2) amended by No. 6/1989 s. 48(b).
Nothing in subsection (1) operates to confer any rights under this Act on an assignee of a credit provider or mortgagee where the assignment is in contravention of this Act.
Subsection (1) does not apply where the rights and obligations referred to in paragraph (b), (c) or (f) of subsection (1) are assigned or transferred, or pass by operation of law, to a body corporate.
S. 9 amended by Nos 10191 s. 276, 67/2013 s. 649(Sch. 9 item 9).
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