§ 6-28-6 - Statement required on note. - Rhode-island Statutes

State Codes and Statutes

Statutes > Rhode-island > Title-6 > Chapter-6-28 > 6-28-6

SECTION 6-28-6

§ 6-28-6 Statement required on note.– Any note or other evidence of indebtedness given by a buyer in connection witha door-to-door sale shall be dated not earlier than the date of the agreementor offer to purchase. The seller shall cause the words "Nonnegotiable consumernote" to be placed prominently on the note, and an assignee or holder of a noteor other evidence of indebtedness with the words "Nonnegotiable consumer note"appearing prominently on the note shall take the note subject to the claims anddefenses permitted under § 6A-3-306, irrespective of whether or not anassignee or holder qualifies as a "holder in due course" as defined in §6A-3-302.

State Codes and Statutes

Statutes > Rhode-island > Title-6 > Chapter-6-28 > 6-28-6

SECTION 6-28-6

§ 6-28-6 Statement required on note.– Any note or other evidence of indebtedness given by a buyer in connection witha door-to-door sale shall be dated not earlier than the date of the agreementor offer to purchase. The seller shall cause the words "Nonnegotiable consumernote" to be placed prominently on the note, and an assignee or holder of a noteor other evidence of indebtedness with the words "Nonnegotiable consumer note"appearing prominently on the note shall take the note subject to the claims anddefenses permitted under § 6A-3-306, irrespective of whether or not anassignee or holder qualifies as a "holder in due course" as defined in §6A-3-302.

State Codes and Statutes

Back To Homepage

State Codes and Statutes

Statutes > Rhode-island > Title-6 > Chapter-6-28 > 6-28-6

SECTION 6-28-6

§ 6-28-6 Statement required on note.– Any note or other evidence of indebtedness given by a buyer in connection witha door-to-door sale shall be dated not earlier than the date of the agreementor offer to purchase. The seller shall cause the words "Nonnegotiable consumernote" to be placed prominently on the note, and an assignee or holder of a noteor other evidence of indebtedness with the words "Nonnegotiable consumer note"appearing prominently on the note shall take the note subject to the claims anddefenses permitted under § 6A-3-306, irrespective of whether or not anassignee or holder qualifies as a "holder in due course" as defined in §6A-3-302.