312 Gap Liability Gap amount definition moved here. Imposing gap liability on lessee is prohibited. 313 Assignment of Lease Sub. 314 Sublease Simplified to say lessee may sublease with holder s consent. Lessee has burden of proof of bad faith refusal to consent.
New Option Bwould limit section to criteria for valid disposition.
Both options would not count sales to affililiates or recourse parties. 319 Early Termination Liability Unchanged from Draft 2, but multiple issues flagged in notes. 501 Civil Liability Basically the same as in Draft 2. Violations supporting statutory damages listed. Cancellation Option New.