There is no larger market than sales of goods to consumers. Though the opportunities for your clients are vast, selling to consumers is unlike selling to other businesses. Sales to consumers are governed by overlapping layers of regulations covering how those sales are financed, what warranties are implied by law versus expressly made by the seller, and – when need arises – debt collection of defaulted accounts. Failure to understand and comply with these layers of complexity can lead to consumer complaints and regulatory action, litigation and substantial liability. This program will provide you a framework for understanding the law of consumer sales, including financing those sales, express and implied warranties imposed by law, and debt collection from consumers.
· Essential law governing sales to consumers – sales law, finance, warranties
· Sales law – how consumer sales differ from commercial sales
· Consumer finance – securing the sales with collateral and anticipating defaults
· Role of the Uniform Consumer Credit Code and Reg Z
· Role of the new federal Consumer Financial Protection Bureau
Steven O. Weise, Proskauer Rose, LLP – Los Angeles