Common use of Holder in Due Course Statement Clause in Contracts

Holder in Due Course Statement. “Any holder of this consumer credit contract is subject to all claims and defenses which the debtor could assert against the seller of goods or services obtained pursuant hereto or with the proceeds thereof. Recovery hereunder by the debtor shall not exceed amounts paid by the debtor (FTC Rule Effective 5/14/76.)”

Appears in 11 contracts

Samples: Enrollment Agreement, Enrollment Agreement, Enrollment Agreement

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Holder in Due Course Statement. Any holder of this consumer credit contract is subject to all claims and defenses which the debtor could assert against the seller of goods or services obtained pursuant hereto or with the proceeds thereof. Recovery proceeds, hereof recovery hereunder by the debtor shall not exceed amounts paid by the debtor (FTC Rule Effective 5/14/76effective 5-14-76).)”

Appears in 2 contracts

Samples: Enrollment Agreement, Enrollment Agreement

Holder in Due Course Statement. Any holder of this consumer credit contract is subject to all claims and defenses which the debtor could assert against the seller of goods or services obtained pursuant hereto or with the proceeds thereof. Recovery proceeds, hereof recovery hereunder by the debtor shall not exceed amounts paid by the debtor (FTC Rule Effective 5/14/76A.R.S. §47-3302).)”

Appears in 2 contracts

Samples: Enrollment Agreement, Enrollment Agreement

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Holder in Due Course Statement. Any holder of this consumer credit contract is subject to all claims and defenses which the debtor could assert against the seller of goods or services obtained pursuant hereto or with the proceeds thereofhereof. Recovery hereunder by the debtor shall not exceed amounts paid by the debtor debtor. (FTC Rule Effective 5/14/76effective 5-14-76.)

Appears in 2 contracts

Samples: Enrollment Agreement, Enrollment Agreement

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