Common use of FTC Holder Rule Language Clause in Contracts

FTC Holder Rule Language. None of the related Receivables include language from the Federal Trade Commission's trade regulation rule titled "Preservation of Consumers' Claims and Defenses" (16 C.F.R. Part 433), including any language similar to the following: "Any holder of this consumer contract is subject to all claims and defenses which the debtor could assert against the seller of goods and services obtained [pursuant hereto or] with the proceeds hereof. Recovery hereunder by the debtor shall not exceed amounts paid by the debtor hereunder."

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Bluegreen Corp), Sale and Servicing Agreement (Bluegreen Corp), Sale and Contribution Agreement (Bluegreen Corp)

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