A put-back claim, also called a repurchase remedy, is a buyer's assertion under a portfolio sale agreement that a transferred account, loan, or receivable meets a contractually specified condition for return or repurchase. The agreement may tie the remedy to a representation or warranty breach, an identified defect, or another stated event, and may set notice, timing, proof, price, and exclusion rules. 'Put-back' is common market shorthand, not a single, generally defined legal cause of action or automatic right; the governing agreement controls.
Debt Buying & Portfolio Sales
Canonical Defined Term
Put-Back Claim / Repurchase Remedy
IN PLAIN WORDS
Sources listed on this page
A put-back claim or repurchase remedy is a contractually defined procedure allowing a debt buyer to return an ineligible or defective account to the seller for refund, credit, or substitution.
HOW IT IS USED
How this term is used
What the law covers
This term describes a buyer–seller remedy, not a consumer's dispute of an account or a guaranteed result. The FDIC sample loan-sale agreement illustrates one set of negotiated repurchase conditions; it is not a universal rule. Consumer-debt rules have a defined personal, family, or household scope under Regulation F, while commercial claims can be governed by different contracts and laws. State law and the transaction's governing law may also affect the analysis.
This note is informational. It is not legal, credit, or tax advice. Check the cited source and its date before you rely on it.
Why this matters
The distinction matters when parties assess what was sold and what recourse the sale documents actually provide. A claimed defect does not, by itself, establish an entitlement to return an account: the contract may limit eligible events, require notice by a deadline, exclude certain defects, or specify a particular remedy. Separating this seller–buyer issue from consumer collection rules helps keep portfolio terminology precise without implying anything about payment, recovery, or enforcement outcomes.
FAQ
What does Put-Back Claim / Repurchase Remedy mean?
A put-back claim or repurchase remedy is a contractually defined procedure allowing a debt buyer to return an ineligible or defective account to the seller for refund, credit, or substitution.
Which official source covers Put-Back Claim / Repurchase Remedy?
The sources at the bottom of this page link the statute, rule, or agency document this entry relies on. Check the date on that source before you rely on it.
What else is Put-Back Claim / Repurchase Remedy called?
Other names used for this term include Put-back right, Repurchase remedy, Account return right, Ineligible account put-back.
Sources
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