KRS 371.310: Assignment of contracts and agreements.

Notwithstanding the provisions of any other law:

(1) An assignee may purchase or acquire or agree to purchase or acquire any retail

installment contract or retail charge agreement or any indebtedness under either

from a seller on such terms and conditions and for such price as may be mutually

agreed upon;

(2) Filing of the assignment, notice to the buyer of the assignment and any requirement

that the seller be deprived of dominion over payments upon a retail installment

contract or retail charge agreement , or over the goods if returned to or repossessed

by the seller, shall not be necessary to the validity of a written assignment of the

retail installment contract or retail charge agreement or any indebtedness under

either as against creditors, subsequent purchasers, pledgees, mortgagees and lien

claimants of the seller; and

(3) Unless the buyer has notice of the assignment of his retail installment contract,

retail charge agreement or any indebtedness under either, payment therefor made by

the buyer to th e holder last known to him shall be binding upon all subsequent

holders.