31-1-308. Assignment to be considered a loan.
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/mt/title-31/chapter-1/part-3/31-1-308·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
31-1-308 . Assignment to be considered a loan. Every purchase by a wage broker of an assignment of the wages or salary of any employee or wage earner shall be held and considered a loan, in the sum of the amount actually paid to and received by such employee or wage earner, and shall be subject to all the provisions of this part.