Document ID: chunk:federal_register_of_legislation:C2024C00719:section:80:p2
Version: federal_register_of_legislation:C2024C00719
Segment Type: section
Provision Reference: s 80 (pt 2/2)
Character Range: 178532–179480

debtor may continue to make payments under the contract to the transferor:
 (a) until the account debtor receives a notice that:
 (i) states that the amount payable or to become payable under the contract has been transferred; and
 (ii) states that payment is to be made to the transferee; and
 (iii) identifies the contract (whether specifically or by class) under which the amount payable is to become payable; or
 (b) after receiving a notice under paragraph (a) (other than a notice from the transferor), if:
 (i) the account debtor requests the transferee to provide proof of the transfer; and
 (ii) the transferee fails to provide proof before the end of 5 business days after the day of the request.
 (8) Payment by an account debtor to a transferee in accordance with a notice under paragraph (7)(a) (including in the circumstances described in paragraph (7)(b)) discharges the obligation of the account debtor to the extent of the payment.