Assignee's liability restricted to amount owed--Defense or setoff

The assignee's liability under this part may not exceed the amount owing to the assignee at the time the defense is asserted against the assignee, and the rights of the retail buyer can only be asserted as a matter of defense to or setoff against a claim by the assignee. Source: SL 1973, ch 295, § 3; SDCL Supp, § 57-10A-5.