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, hereof recovery hereunder by the debtor shall not exceed amounts paid by the debtor (FTC Rule effective (5-14-76). Students will have a late fee of $25 added to their balance for each installment payment missed.

Appears in 5 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, hereof recovery hereunder by the debtor shall not exceed amounts paid by the debtor (FTC Rule effective (5-14-76). Students will have a late fee of $25 added to their balance for each installment payment missed.. ENROLLMENT AGREEMENT

Appears in 1 contract

Samples: Enrollment Agreement

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