California Codes, Civil Code - CIV, Division 3 — Obligations, Part 2 — Contracts, Title 5 — Extinction of Contracts, Chapter 2.5 — Home Equity Sales Contracts, Section 1695.15
(a) An equity purchaser is liable for all damages resulting from any statement made or act committed by the equity purchaser’s representative in any manner connected with the equity purchaser’s acquisition of a residence in foreclosure, receipt of any consideration or property from or on behalf of the equity seller, or the performance of any act prohibited by this chapter.
(b) “Representative” for the purposes of this section means a person who in any manner solicits, induces, or causes any property owner to transfer title or solicits any member of the property owner’s family or household to induce or cause any property owner to transfer title to the residence in foreclosure to the equity purchaser.
Notes
Establishes an equity purchaser’s liability for all damages caused by statements or acts of the purchaser’s representative connected with acquiring a residence in foreclosure, receiving consideration or property, or prohibited conduct. A representative includes anyone who solicits, induces, or causes the owner or household members to bring about a title transfer.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 1695.15 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-2/title-5/chapter-2-5/section-1695-15