Section 49

The liability under this Act of an assignee of the rights of a supplier under a contract of supply shall not exceed the amount owing by the consumer under the contract at the date of the assignment.

The liability under this Act of a financier who has lent money on the security of goods supplied to a consumer shall not exceed the amount owing by the consumer at the date of the loan.

WJW21/1045 Act 599.indd 72 18/03/2022 6:42 PM

Consumer Protection 73

Where the assignee referred to in subsection (2) or the financier referred to in subsection (3) suffers any losses because of a liability to the consumer under this Act, the assignee or financier shall, subject to any agreement with the supplier, be entitled to be indemnified by the supplier against those losses.

No assignment of the rights under a contract of supply shall affect the exercise of any right or remedy given under this

Act against the supplier.