Sec. 345.303. PAYMENT BY BUYER. Unless a retail buyer has notice of the assignment or negotiation of the buyer's retail installment contract or retail charge agreement or an outstanding balance under the contract or agreement, a payment by the buyer to the holder last known to the buyer is binding on all subsequent holders.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subtitle B - Loans and Financed Transactions
Chapter 345 - Retail Installment Sales
Subchapter G. Acquisition of Contract, Agreement, or Balance
Section 345.301. Authority to Acquire
Section 345.302. Lack of Notice Does Not Affect Validity as to Certain Creditors
Section 345.303. Payment by Buyer
Section 345.304. Preservation of Buyer's Right of Action or Defense