Common use of Purchasing Agent Clause in Contracts

Purchasing Agent. shall require each Dealer from which a Qualified Contract is purchased to represent and warrant that such Qualified Contract and the sale of the related Financed Vehicle complied, at the time the Contract was originated or made, in all material respects with all requirements of applicable federal, state and local laws, and regulations thereunder, including, without limitation, usury laws, the Federal Truth-In-Lending Act, the Equal Credit Opportunity Act, the Fair Credit Reporting Act, the Fair Debt Collection Practices Act, the Federal Trade Commission Act, the Federal Reserve Board's Regulations B and Z, state adaptations of the National Consumer Act and of the Uniform Consumer Credit code, and other consumer laws and equal credit opportunity and disclosure laws.