When a consumer credit contract is transferred to a subsequent holder,the holder obtains the rights of an HDC.

Name: When a consumer credit contract is transferred to a subsequent holder,the holder obtains the rights of an HDC.
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A subsequent holder of a consumer credit contract does not automatically obtain the rights of a Holder in Due Course (HDC) due to specific consumer protection laws that limit these rights to protect consumers.

When a Consumer Credit Contract Is Transferred to a Subsequent