New York Codes, Rules and Regulations
Title 23 - FINANCIAL SERVICES
Chapter I - Regulations of the Superintendent of Financial Services
Part 600
Section 600.23 - Assignment of Commercial Financing Agreements
Universal Citation: 600.23 NY Comp Codes Rules and Regs ยง 600.23
Current through Register Vol. 46, No. 52, December 24, 2024
Each recipient may discharge its payment obligations under any commercial financing by paying the original obligee under such financing until, but not after, the recipient receives a notification, authenticated by the original obligee or the obligee's assignee, that the amount due or to become due has been assigned and the payment is to be made to the assignee.
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