Section 5-10-703 - Assignee liability(1) With respect to a rental purchase agreement, an assignee of the rights of the lessor is subject to all claims and defenses of the lessee against the lessor arising from the lease of property or services, notwithstanding that the assignee is the holder in due course of a negotiable instrument issued in violation of the provisions prohibiting certain negotiable instruments.(2) A claim or defense of a lessee specified in subsection (1) of this section may be asserted against the assignee under this section only to the extent of the amount owing and paid to the assignee and assignor.(3) An agreement may not limit or waive the claims or defenses of a lessee under this section.L. 90: Entire article added, p. 374, § 1, effective 1/1/1991.