Added by Stats. 1981, Ch. 1033.
“Holder-in-due course,” means the purchaser of a loan or loans from a financial institution that participates in, arranges, or finances a loan pursuant to the provisions of this part, and who takes the loan instrument:
(a)For value;
(b)In good faith; and
(c)Without notice that it is overdue or has been dishonored or of any defense against or claim to it on the part of any person.
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