Holder In Due Course

The Holder-in-Due-Course Rule, officially known as “Preservation of Consumers’ Claims and Defenses,” went into effect in 1976. The Rule requires sellers who help consumers finance or lease their purchases to include specific language in their sales contracts and loan agreements. Because dealerships are in the business of helping consumers finance or lease vehicles, the Holder-in-Due-Course Rule applies to you. This lesson is designed to help you understand your responsibility under the Rule.

Topics
  • Required Language and Understanding the Rule

  • Lawsuits and Consumer Benefits

Features
  • Deployable online with Mosaic's LMS

  • Track and retain employee completions

  • SCORM Compliant version available

  • Text summary

  • English closed captions

Lesson Stats

Video Length

4:00

Units

2

Quiz Questions

3

Estimated Time

to Complete

7 minutes