Indiana § 24-7-4-3 Assignment of earnings as payment

Indiana Statutes

§ 24-7-4-3 — Assignment of earnings as payment

Indiana·Art. 7 RENTAL PURCHASE AGREEMENTS·Ch. 4 Limitations

(a)A lessor may not accept an assignment of earnings from the lessee for payment or as security for payment for a charge arising under a rental purchase agreement.

(b)An assignment of earnings in violation of this section is unenforceable by the assignee of the earnings and revocable by the lessee.

(c)This section does not prohibit a lessee from authorizing deductions from the lessee's earnings if the authorization is revocable and is otherwise permitted by law.

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(a) A lessor may not accept an assignment of
earnings from the lessee for payment or as security for payment for a
charge arising under a rental purchase agreement.
(b) An assignment of earnings in violation of this section is
unenforceable by the assignee of the earnings and revocable by the
lessee.
(c) This section does not prohibit a lessee from authorizing
deductions from the lessee's earnings if the authorization is revocable
and is otherwise permitted by law.

Indiana § 24-7-4-3 (Assignment of earnings as payment) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.