For any Oregonians with Payday loans . . . . .
Date: Thu, 12/07/2006 - 08:56
I have discovered that wage assignments are ILLEGAL in Oregon.
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If you have a IPDL that trys to assign your wages they cannot if you live in Oregon!
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Oregon Revised Statute (ORS) 735.355 Prohibitions against assignment of earnings for loan security. (1) as used in this section, "earnings" means salary, wages or other compensation for service. (2) No licensee shall take an assignment of earnings as payment or as security for payment of a loan. An assignment in viiolation of this subsection is unenforceable by the assignee and revocable by the assignor. Nothing in this section is intended to prevent an employee from authorizing deductions from earnings of the employee if the authorization is revocable. |
If you have a IPDL that trys to assign your wages they cannot if you live in Oregon!