16a-3-203

Chapter 16a.--CONSUMER CREDIT CODE

Part 2 DISCLOSURES
Article 3.--REGULATION OF AGREEMENTS AND PRACTICES

     
16a-3-203.   (UCCC) Notice of assignment.
The consumer is authorized to pay the original creditor until he
receives notification of assignment of rights to payment pursuant to a
consumer credit transaction and that payment is to be made to the assignee.
A notification which does not reasonably 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.

     
History:   L. 1973, ch. 85, § 43; Jan. 1, 1974.