California Codes, 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
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.
Notes
Prohibits a holder from recovering a sale deficiency from the buyer, or from anyone who succeeded to the buyer's obligations, when the sale proceeds are insufficient to cover the three referenced items. The bar applies specifically to the unpaid deficiency remaining after those sale proceeds fail to cover items (1), (2), and (3) in the referenced provision.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 1812.5 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-4/title-2/chapter-1/article-12-1/section-1812-5