§ 24-4.5-2-410 — No assignment of earnings

No Assignment of Earnings — A seller or
lessor may not take an assignment of earnings of the buyer or lessee for
payment or as security for payment of a claim, whether arising out of
a consumer credit sale, consumer lease or otherwise. An assignment of
earnings in violation of this section is unenforceable by the assignees
of the earnings and revocable by the buyer or lessee. This section does
not prohibit an employee from authorizing deductions from his
earnings if the authorization is revocable and is otherwise permitted by
law.
Formerly: Acts 1971, P.L.366, SEC.3.