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    Brenok's Avatar
    Brenok Posts: 47, Reputation: 6
    Junior Member
    		  
    #1

    Feb 5, 2008, 08:43 AM
    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.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Feb 5, 2008, 09:00 AM
    Yes, the plaintiff in a suit has to verify that the debt is yours and that they are entitled to collect it.
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