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

Indiana Statutes

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

Indiana § 24-7-4-3

Art. 7RENTAL PURCHASE AGREEMENTS

Ch. 4Limitations

This text of Indiana § 24-7-4-3 (Assignment of earnings as payment) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 24-7-4-3 (2026).

Text

(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.