17:16C-72 - Receipt for payment; payment or tender to last known holder in absence of notice of assignment - New Jersey Statutes

17:16C-72.  Receipt for payment;  payment or tender to last known holder in  absence of notice of assignment
    Whenever payment is made in cash on account of any home repair contract, the  person receiving such payment shall, at the time of receiving such payment,  furnish to the person making such payment a written receipt therefor showing  the date, identification of the account and the amount paid.  Unless notice has  been given to the owner of an assignment of a home repair contract, payment  thereunder or tender thereof by the owner to the last known holder of such  contract shall be binding upon any holder or assignee thereof.

     L.1960, c. 41, p. 168, s. 11.