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.
Deployable online with Mosaic's LMS
Track and retain employee completions
SCORM Compliant version available
English closed captions
Required Language and Understanding the Rule
Lawsuits and Consumer Benefits
Estimated Time to Complete