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Code · BILL · 114th Congress · H.R. 5664 (Introduced in House) — To amend the Consumer Credit Protection Act to strengthen debt collection exemptions to protect debtors and their fam... · Sec. 2

Sec. 2. Assignment of earnings defined

86 words·~1 min read·/bill/114/hr/5664/ih/section-2

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Section 302 of the Consumer Credit Protection Act ( 15 U.S.C. 1672 ) is amended by adding at the end the following new subsection: The term assignment — means a contractual agreement that constitutes or contains an assignment (as described under section 444.2(a)(3) of title 16, Code of Federal Regulations), including an assignment that is revocable at the will of the individual; and does not include includes an assignment described in paragraph
(ii)or
(iii)of section 444.2(a)(3) of title 16, Code of Federal Regulations. .
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Sec. 2
Assignment of earnings defined
U.S.C.§ 1672
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