2012 Maine Revised Statutes
TITLE 9-A: MAINE CONSUMER CREDIT CODE
Article 9: CONSUMER CREDIT TRANSACTIONS MADE TO ACQUIRE REAL ESTATE OR SECURED BY FIRST-LIEN MORTGAGES
9-A §9-306. Notice of assignment
Part 3: REGULATION OF AGREEMENTS AND PRACTICES
§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. [1987, c. 396, §12 (NEW).]
SECTION HISTORY
1987, c. 396, §12 (NEW).
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