District of Columbia § 28-3804 Assignment of earnings and authorization to confess judgment prohibited.

District of Columbia Statutes

§ 28-3804 — Assignment of earnings and authorization to confess judgment prohibited.

District of Columbia·Title 28 Commercial Instruments and Transactions. [Enacted title]·Ch. 38 Consumer Protections.·Subch. I General.

(a)A creditor may not take an assignment of earnings of the consumer for payment or as security for payment of an obligation arising out of a consumer credit sale or direct installment loan.

(b)A creditor may not take or accept from the consumer a warrant or power of attorney or other authorization for the creditor, or other person acting on his behalf, to confess judgment arising out of a consumer credit sale or direct installment loan.

(c)An assignment of earnings or an authorization in violation of this section is subject to the provisions of section 28-3813(d)(1) of this subtitle.

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(a) A creditor may not take an assignment of earnings of the consumer for payment or as security for payment of an obligation arising out of a consumer credit sale or direct installment loan.

(b) A creditor may not take or accept from the consumer a warrant or power of attorney or other authorization for the creditor, or other person acting on his behalf, to confess judgment arising out of a consumer credit sale or direct installment loan.

(c) An assignment of earnings or an authorization in violation of this section is subject to the provisions of section 28-3813(d)(1) of this subtitle.

District of Columbia § 28-3804 (Assignment of earnings and authorization to confess judgment prohibited.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.