16a-3-203. (UCCC) Notice of assignment. - Kansas Statutes

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.