Ask Experts Questions for FREE Help!
  Advanced
Register  |  Log in  
   Ask    
 Answer  
  Help  

Ask QuestionsprogressAnswer QuestionsprogressBuild ReputationprogressBecome an Expert
 
Free Answers in 3 Easy Steps

Register Now
3 Steps

At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to:
  • Get free answers from experts in any of our 300+ topics.
  • Accept money for answers that you provide.
  • Communicate privately with other members (PM).
  • See fewer ads.

Home > Money & Services > Bankruptcy & Debt   »   Law regarding Assignment of Debt

 
Thread Tools Display Modes
Question
 
 
#1  
Old Feb 5, 2008, 06:43 AM
Brenok's Avatar
Brenok
Junior Member
Brenok is offline
 
Join Date: Jan 2008
Posts: 47
Brenok See this member's comment history on his/her Profile page.
Law regarding Assignment of Debt

I am in Oklahoma - and am working on a summons from a JDB. I found this statute - does this mean that the JDB must provide to me proof of assignment from the OC to pay them any settlement? Thanks!

Oklahoma Statutes Citationized
Title 14A. Consumer Credit Code
Article 3 - Loans
Section 3-406 - Notice of Assignment
Cite as: O.S. §, __ __

The debtor is authorized to pay the original lender until he receives notification of assignment of rights to payment pursuant to a consumer loan 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 debtor, the assignee must seasonably furnish reasonable proof that the assignment has been made and unless he does so the debtor may pay the original lender.

Reply With Quote
 
     

Answers
 
 
Old Feb 5, 2008, 07:00 AM   #2  
Computer Expert
ScottGem is offline
 
ScottGem's Avatar
 
Join Date: Jan 2003
Location: LI, NY - USA
Posts: 24,004
ScottGem See this member's comment history on his/her Profile page.ScottGem See this member's comment history on his/her Profile page.ScottGem See this member's comment history on his/her Profile page.ScottGem See this member's comment history on his/her Profile page.ScottGem See this member's comment history on his/her Profile page.ScottGem See this member's comment history on his/her Profile page.ScottGem See this member's comment history on his/her Profile page.ScottGem See this member's comment history on his/her Profile page.ScottGem See this member's comment history on his/her Profile page.ScottGem See this member's comment history on his/her Profile page.ScottGem See this member's comment history on his/her Profile page.
Pay to call ScottGem for advice ($.75/min)
Call ScottGem via Skype™
yes, the plaintiff in a suit has to verify that the debt is yours and that they are entitled to collect it.
  Reply With Quote
 
     


Thread Tools
Display Modes

 
Similar Sponsors

Similar Threads
Question Asker Forum Answers Last Post
Any case law pertaining to FL SOL on CC debt? jmax31 Small Claims 2 Nov 5, 2007 12:33 PM
Law rlative to debt validation sagregory60 Other Law 1 Aug 25, 2007 01:51 PM
Kansas state law about debt? byob Bankruptcy & Debt 5 Apr 23, 2007 02:51 PM
credit card debt law suites autoelec Other Law 2 Apr 13, 2007 06:20 PM
Tax Law, reducing taxpayers IRS debt FLNovice Other Law 3 Mar 22, 2007 06:28 PM




Copyright ©2003 - 2007, Ask Me Help Desk.
All times are GMT -8. The time now is 05:43 PM.