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  • SECTION 405
    Delivery of copy of contract or obligation; buyer's acknowledgment
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  • ARTICLE 10
    Retail Instalment Sales Act
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  • SECTION 407
    Statements of account; receipts
    • This entry was published on 2014-09-22
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    SECTION 406

    Notice of assignment; payments

    Personal Property (PEP) CHAPTER 41, ARTICLE 10

    § 406. Notice of assignment; payments. Unless the buyer has notice of
    actual or intended assignment of a contract, obligation, or credit
    agreement payment thereunder made by the buyer to the last known holder
    of such contract, obligation or credit agreement shall be binding upon
    all subsequent holders or assignees.