44-6004. Assignment or transfers
A. The provisions of this section shall apply notwithstanding any law to the
contrary.
B. An assignee may purchase or acquire any retail installment contract or retail
charge account agreement or any outstanding balance under either from a seller or holder
on terms, conditions and price as may be mutually agreed upon.
C. Notice to the buyer of the assignment and any requirement that the transferor be
deprived of dominion over payments upon a retail installment contract or retail charge
account agreement or over the goods if returned to or repossessed by the seller or
holder, is not necessary to the validity of a written assignment of the retail
installment contract or retail charge account agreement or any outstanding balance under
either as against creditors, subsequent purchasers, pledgees, mortgagees or lien
claimants of the transferor.
D. Unless the buyer has notice of the assignment of his retail installment
contract, retail charge account agreement or any outstanding balance under either,
payment made by the buyer to the holder last known to him is binding upon all subsequent
holders.
E. A holder may acquire from a retail seller or another holder invoices or other
memoranda evidencing retail sales on such terms, conditions and price, discount or other
charge as may be mutually agreed upon. Such price, discount or other charge is not a
part of the time price differential or delinquency charge permitted.
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