When a consumer credit contract is transferred to a subsequent holder, the holder obtains all the rights just as if they were the original HDC.

Question

Quizplus · Accepted Answer

When a consumer credit contract is transferred to a subsequent holder, the holder does not necessarily obtain all the rights as if they were the original holder in due course (HDC). The rights obtained can be limited by defenses that the consumer could assert against the original creditor, such as fraud or breach of warranty.

When a Consumer Credit Contract Is Transferred to a Subsequent