The Federal Trade Commission preservation "holder in due course rule."
This rule is the reason most consumer purchase money contracts contain a Notice that makes the lender and its assignees aware that they are subject to claims that the Debtor may have against the party with whom they first dealt. Not only does the creditor have tone concerned with defending the claim, but also its potential rights against its assignor. Tom Reilly has handled many of these scenarios requiring timely and proper pleading, proper joinder, demands for defense and indemnification. Such cases involve the interplay of the Uniform Commercial Code, other regulations and statutory provisions including the Unfair Trade Practices and Consumer Protection Law, Motor Vehicle Installment Sales Finance Act, and the Interest Rate and Usury Law also known as Act 6 of 1974.