Sec. 5. State law with respect to assignments

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A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Section 305 of the Consumer Credit Protection Act ( 15 U.S.C. 1675 ) is amended— in the section heading, by inserting after or assignments ; garnishments by inserting or assignments after garnishments ; and by inserting or assignment after garnishment . The table of contents in title III of the Consumer Credit Protection Act ( 15 U.S.C. 1671 et seq. ) is amended by amending the item relating to section 305 to read as follows: 305. Exemption for State-regulated garnishments or assignments. .

Section 307 of such Act ( 15 U.S.C. 1676 ) is amended— by striking State and inserting State— ; in paragraph (1), by striking garnishments each place such term appears and inserting garnishments or assignments ; and in paragraph (2), by striking garnishment and inserting garnishment or assignment .

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U.S. Code

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Sec. 5

State law with respect to assignments

U.S.C.§ 1675

U.S.C.§ 1671

U.S.C.§ 1676

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