Section 16-1212. CREDIT TRANSACTIONS

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1212.1A school shall not use any contract provision, oral or written representation, or other device or means to deny or abridge the benefits of any applicable Federal or District law intended to protect consumers or credit purchasers.

1212.2A school shall not negotiate or assign a promissory note or other instrument or indebtedness executed by or on behalf of a student or the student's parents or guardians without first endorsing on the face of it a legend stating:"Any holder takes this instrument subject to the terms and conditions of the contract which gave rise to the debt evidenced hereby."

                    
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