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