A third party who buys a note arising from a consumer credit transaction that lacks the notice required by FTC Rule 433 is still subject to the buyer's defenses against the seller because of the otherwise harsh effect of the HDC doctrine.

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The Answer of A third party who buys a note arising from a consumer credit transaction that lacks the notice required by FTC Rule 433 is still subject to the buyer's defenses against the seller because of the otherwise harsh effect of the HDC doctrine.

A Third Party Who Buys a Note Arising from a Consumer