Isaac Hernandez v. Apple Auto Wholesalers of Waterbury, LLC

Summary

The court answered three certified questions concerning an assignee's liability under Connecticut's consumer-credit statute and the federal holder rule. It held that the statutory liability cap is measured when the buyer makes written demand on the seller, that reassignment after that demand does not eliminate liability, and that liability under the federal holder rule is cumulative rather than exclusive. The court relied principally on the statute's text, legislative history, and remedial purpose of shifting seller-misconduct costs to creditors.