Advanced Search

§9-306. Notice of assignment


Published: 2015

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.
§9-306. Notice of assignment






A consumer is not obligated to make payments on a consumer credit transaction to any
creditor, other than the original creditor, until he receives notification of assignment
of rights to payment and that payment is to be made to the assignee. A notification
which does not clearly and conspicuously identify the rights assigned is ineffective.
If requested by the consumer, the assignee must seasonably furnish reasonable proof
that the assignment has been made and unless he does so the consumer may pay the original
creditor. [1987, c. 396, §12 (NEW).]





SECTION HISTORY

1987, c. 396, §12 (NEW).