§9-306. Notice of assignment
A consumer is not obligated to make payments on a consumer credit transaction to any creditor, other than the original creditor, until he receives notification of assignment of rights to payment and that payment is to be made to the assignee. A notification which does not clearly and conspicuously 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. [PL 1987, c. 396, §12 (NEW).]
SECTION HISTORY
PL 1987, c. 396, §12 (NEW).
Structure Maine Revised Statutes
TITLE 9-A: MAINE CONSUMER CREDIT CODE
Part 3: REGULATION OF AGREEMENTS AND PRACTICES
9-A §9-302. Terms and conditions of consumer credit transactions; rulemaking
9-A §9-304. Servicing requirements of assigned consumer credit transactions
9-A §9-305. Interest to be paid on funds held in escrow
9-A §9-305-A. Timely payments from escrow
9-A §9-305-B. Timely responses to requests for payoff figures
9-A §9-306. Notice of assignment
9-A §9-307. Receipts; statements of account; evidence of payment
9-A §9-309. Real estate appraisals; copies
9-A §9-310. Privacy of consumer financial information
9-A §9-311. Choice of accounting, tax or attest services provider
9-A §9-311-A. Real estate settlement procedures