Section 625. Assignment of contracts for services

1. No assignee who takes
  a note or other obligation as consideration for  a  contract  containing
  the  disclosure  requirements of section six hundred twenty-four of this
  article shall fail to honor the  consumer's  right  of  cancellation  as
  provided in this article.
    2. No creditor holding a note or other obligation, to which a consumer
  has  obligated  himself  in  order  to purchase a contract shall fail to
  honor the consumer's right of cancellation under this article if:
    (a) the creditor is a person related to the seller of services; or
    (b) the seller prepares documents used in connection with the loan; or
    (c) the creditor supplies forms to the seller used by the consumer  in
  obtaining the loan; or
    (d)  the creditor makes twenty or more loans in any calendar year, the
  proceeds of which are used in transactions with the same seller or  with
  a person related to the same seller; or
    (e) the consumer is referred to the creditor by the seller; or
    (f)  the  creditor,  directly  or  indirectly,  pays  the  seller  any
  consideration whether or not it is in  connection  with  the  particular
  transactions; or
    (g) the creditor participated in or was connected with the sale.
    3.  No  assignee  of  a  contract  shall  fail  to  give notice of the
  assignment to the consumer. A notice of assignment shall be  in  writing
  addressed to the consumer at the address shown on the contract and shall
  identify the contract.