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.