§ 6640. Title

This subchapter may be cited as the “Asset-Backed Securities Facilitation Act.”

§ 6641. Intent

It is intended by the Legislature that the term “securitization transaction” must be construed broadly.

§ 6642. Securitization transaction

(a) Notwithstanding any other provision of law, to the extent set forth in the transaction documents relating to a securitization transaction, including a transaction entered into pursuant to subchapter II of this chapter: (1) Any property, assets or rights purported to be transferred, in whole or in part, in the securitization transaction are deemed to […]