Iowa Code 537.3204 – Notice of assignment
Current as of: 2024 | Check for updates
|
Other versions
537.3204 Notice of assignment.
A consumer is authorized to pay the original creditor until the consumer receives
notification of assignment of rights to payment pursuant to a consumer credit transaction and that payment is to be made to the assignee. A notification which does not reasonably 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 the assignee does so the consumer may pay the original creditor.
[C75, 77, 79, 81, §537.3204]
A consumer is authorized to pay the original creditor until the consumer receives
notification of assignment of rights to payment pursuant to a consumer credit transaction and that payment is to be made to the assignee. A notification which does not reasonably 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 the assignee does so the consumer may pay the original creditor.
[C75, 77, 79, 81, §537.3204]