A loan provision stipulating that in the event of default, payments will be deducted from an employee's wages. Prohibited in some states.
Related information about wage assignment:
- Wage Assignment - Legal Dictionary - The Free Dictionary
The voluntary transfer in advance of a debtor's pay, generally in connection with a particular debt or judgment. A debtor may negotiate with a creditor a wage ...
- What is a Wage Assignment?
A wage assignment is a deduction from an employee's wages to pay off debts or child or spousal support. Wage assignments can be...
- Wage Assignment Definition | Investopedia
The procedure of taking money directly from an employee's compensation under the authority of a court order, in order to pay a debt obligation. Wage ...
- 740 ILCS 170/ Illinois Wage Assignment Act.
(4) The words "Wage Assignment" are printed or written in bold face letters of not less than 1/4 inch in height at the head of the wage assignment and also one ...
- The Chicago Bar Association | Wage Assignment
This is Dial-Law with information on wage assignments which applies to Illinois law only. If you are not employed in Illinois, we suggest you contact the local ...
- What is a Wage Assignment? - Yahoo! Voices - voices.yahoo.com
Jan 23, 2008 ... Contrary to popular belief, a wage assignment is much different from a wage garnishment. But how does it work? Read on to find out.
- Illinois Legal Aid | Stopping a Wage Assignment
Information about canceling a wage assignment by sending notices to your creditor and employer.
- Payday Loan Wage Assignment: Just Say No!
An increasingly common collection tool for payday and small loan lenders is the voluntary wage assignment. It can be particularly effective for employed ...