§ 24-4.5-2-412 — Notice of assignment

Notice of Assignment — The buyer or
lessee is authorized to pay the original seller or lessor until the buyer
or lessee receives notification of assignment of the rights to payment
pursuant to a consumer credit sale or consumer lease 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 buyer or
lessee, the assignee must seasonably furnish reasonable proof that the
assignment has been made and unless he does so the buyer or lessee
may pay the seller or lessor.
Formerly: Acts 1971, P.L.366, SEC.3.