Connecticut General Statutes 36a-780 – Payments after assignment
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Unless notice has been given to the retail buyer of actual or intended assignment of a retail installment contract or installment loan contract, payment thereunder or tender thereof made by the retail buyer to the last-known holder of such contract shall be binding upon such subsequent holder or assignee.
Terms Used In Connecticut General Statutes 36a-780
- Contract: A legal written agreement that becomes binding when signed.
- Loan: includes any line of credit or other extension of credit. See Connecticut General Statutes 36a-2