California Codes, Civil Code - CIV, Division 3 — Obligations, Part 4 — Obligations Arising from Particular Transactions, Title 2 — Credit Sales, Chapter 1 — Retail Installment Sales, Article 6 — Payments, Section 1806.1
Unless the buyer has notice of actual or intended assignment of a contract or installment account, payment thereunder made by the buyer to the last known holder of such contract or installment account, shall to the extent of the payment, discharge the buyer’s obligation.
Notes
Allows a buyer, unless notified of an actual or intended assignment of a contract or installment account, to discharge the buyer's obligation to the extent of any payment made to the last known holder. The payment reduces the obligation by the amount paid when the buyer lacks notice of the actual or intended assignment.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 1806.1 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-4/title-2/chapter-1/article-6/section-1806-1