17:16C-46 - Sale, transfer or assignment without notice to retail buyer; payment or tender to last known holder - New Jersey Statutes

17:16C-46.  Sale, transfer or assignment without notice to retail buyer; payment or tender to last known holder
    If a retail installment contract is lawfully sold, transferred or assigned,  pursuant to the provisions of this act, and a written notice of such sale,  transfer or assignment setting forth the name and address of the new holder and  of the person authorized to receive future payments on such contract is not  given to the retail buyer, any payment or tender of payment made to and any  service of notice on the last known holder by the retail buyer shall be binding  upon any subsequent holder.

     L.1960, c. 40, p. 159, s. 46.