California Court of Appeal

The plain meaning of the Holder Rule, which is required by FTC regulations to be in consumer installment sales contracts that are assigned to lenders, allows the plaintiffs to assert all claims and defenses against defendant-lender they might otherwise have against the seller of the defective mobile home they purchased, however, they may recover no more than what they have paid under the installment contract.

Appellate Information

• Decided 02/04/2013
• Published 02/04/2013

Judges

• HOCH

Court

• California Court of Appeal

Counsel