Consumer Statutes, Special Fee Shifting Statute: “The Holder Rule” Governing Commercial Lenders Under Consumer Installment Sale Contract Could Not Be Saddled With Attorney’s Fees Exposure
Cases: Consumer Statutes, Cases: Special Fee Shifting StatutesHowever, Lender Was Responsible For Routine Costs As The Non-Prevailing Party. In actuality, this is really a fee-shifting limitation and quasi-legislative limitation on consumer recovery post. “The Holder Rule, 16 Code of Fed. Regs. § 433.2, was prominent in dictating the result in Lafferty v. Wells Fargo Bank, N.A., Case No. C080535 (3d Dist. […]
