§ 40-14-244 — No assignment of earnings

Wyoming § 40-14-244

• Jurisdiction: Wyoming
• Title 40: Trade and Commerce
• Ch. 14: WYOMING UNIFORM CONSUMER CREDIT CODE
• Art. 2: CREDIT SALES

Text

(a) 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 debt arising out of a consumer credit sale or a
consumer lease. An assignment of earnings in violation of this
section is unenforceable by the assignee 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.
(b) Notwithstanding the foregoing prohibition, a seller or
lessor may take an assignment of commissions or accounts
receivable payable to the buyer or lessee for services rendered
for payment or as security for payment of a debt arising out of
a consumer lease.