Indiana § 24-7-4-10 Notice and proof of assignment

Indiana Statutes

§ 24-7-4-10 — Notice and proof of assignment

Indiana·Art. 7 RENTAL PURCHASE AGREEMENTS·Ch. 4 Limitations

(a)The lessee may pay the original lessor until the lessee receives written notification:

(1)that assignment of the rights to rental payments under the rental purchase agreement has occurred; and

(2)of the person to whom rental payments are to be made.

(b)A notification that does not reasonably identify the rights assigned is ineffective.

(c)If requested by the lessee, the assignee must take reasonable steps to furnish proof that the assignment has been made. Unless the assignee furnishes the proof, the lessee may pay the original lessor.

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(a) The lessee may pay the original lessor
until the lessee receives written notification:
(1) that assignment of the rights to rental payments under the
rental purchase agreement has occurred; and
(2) of the person to whom rental payments are to be made.
(b) A notification that does not reasonably identify the rights
assigned is ineffective.
(c) If requested by the lessee, the assignee must take reasonable
steps to furnish proof that the assignment has been made. Unless the
assignee furnishes the proof, the lessee may pay the original lessor.

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