Georgia § 10-1-9 - Transfer of retail installment contracts or revolving accounts.
Full text of Georgia Official Code of Georgia Annotated § 10-1-9 — Transfer of retail installment contracts or revolving accounts., with citation guidance and answers to common questions.
§ 10-1-9. Transfer of retail installment contracts or revolving accounts.
Any retail seller may assign, pledge, hypothecate, or otherwise transfer a retail installment contract or revolving account to any person, firm, or corporation on such terms and conditions and for such price as may be mutually agreed upon. Unless the buyer has notice of the assignment, payment thereunder made by the buyer to the last known owner of the contract or account shall be binding on all subsequent owners thereof. In no event will any such assignment bar any right of action against the seller arising as a result of this article, nor will any such assignment bar any defense against the sales finance company or other assignee arising as a result of subsection (b) of Code Section 10-1-15. (Ga. L. 1967, p. 659, § 8.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 10-1-9
What does Official Code of Georgia Annotated § 10-1-9 cover?
Section 10-1-9 ("Transfer of retail installment contracts or revolving accounts.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 10-1-9?
A common citation format is "Official Code of Georgia Annotated § 10-1-9" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 10-1-9 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.