Any sales finance company may purchase or acquire or agree to purchase or acquire from any seller any contract on such terms and conditions as may be agreed upon between them. Filing of the assignment, notice to the buyer of the assignment, and any requirement that the holder maintain dominion over the payments or the motor vehicle if repossessed shall not be necessary to the validity of a written assignment of a contract as against creditors, subsequent purchasers, pledgees, mortgagees and lien claimants of the seller. Unless the buyer has notice of the assignment of his contract, payment thereunder made by the buyer to the last known holder of such contract shall be binding upon all subsequent holders.
Structure Mississippi Code
Title 63 - Motor Vehicles and Traffic Regulations
Chapter 19 - Motor Vehicle Sales Finance Law
§ 63-19-7. Requirement of license
§ 63-19-9. Application for license
§ 63-19-15. Specification as to location of office in license; display of license
§ 63-19-19. Liability of licensee for acts of agents
§ 63-19-21. Procedure for denial, suspension or revocation of license; judicial review
§ 63-19-23. Investigations and examinations of licensees
§ 63-19-25. Filing and examination of complaints against licensees
§ 63-19-27. Payment of expenses of examination by licensee
§ 63-19-29. Issuance of subpoenas; administration of oaths; enforcement of subpoenas, etc.
§ 63-19-31. Execution, terms and delivery of retail installment contract
§ 63-19-33. Purchase of insurance pursuant to retail installment contract
§ 63-19-35. Delinquency and collection charges; court costs and attorneys' fees
§ 63-19-37. Transfer of equity in motor vehicle; transfer fee
§ 63-19-41. Restriction of remedies of buyer against holder
§ 63-19-45. Assignment of retail installment contract
§ 63-19-47. Payment of debt in full prior to maturity
§ 63-19-51. Administration of chapter
§ 63-19-52. Administration of chapter; issuance of rules and regulations