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FTC Holder Rule/Notice: The Content
http://www.myfairdebt.com/forum/viewtopic.php?f=247&t=742
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Author:  admin [ Sat Sep 23, 2006 6:58 am ]
Post subject:  FTC Holder Rule/Notice: The Content

The Notice

Every consumer credit contract must contain the statutorily required notice, per 16 C.F.R. 433.2: “NOTICE: 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 HEREUNDER [emphasis added.].â€

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