70C-2-202. Assignment of earnings prohibited.
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70C-2-202. Assignment of earnings prohibited.
A creditor may not directly or indirectly take or receive from a debtor an obligation that constitutes or contains an assignment of wages or other earnings unless
(1)the assignment by its own terms is revocable at the will of the debtor;
(2)the assignment is a payroll deduction plan, commencing at the time of the transaction, in which the debtor authorized a series of wage deductions as a method of making each payment; or
(3)the assignment applies only to wages or other earnings already earned at the time of the assignment.
Enacted by Chapter 159 , 1985 General Session