Something I just noticed on a Wage Assignment

They can't change a federal law simply because it's in the contract, so no, you have no worries whatsoever.

What state are you in, I know wage assignment laws can vary by state. However I'm almost certain that in order for them to be valid they must be signed in person.

Nothing you can sign trumps federal law. Federal Trade Commission regulations require that lenders cannot ask borrowers to give wage assignments unless the assignments are "voluntary and REVOCABLE." It's not a right you could waive if you want to.

The problem, of course, is your boss. I've seen a few threads going where some folks insist that if you revoke it no one can do anything to you. Wrong. The pdl's dress the assignments up to look like court orders. Most employers know they can throw just throw the paper out, but some don't. And the ones who don't (like my old boss) aren't going to spend $300 an hour asking their lawyers what to do. They just send the money and now you've got a dilemma. (Who wants to sue their boss? With 10% unemployment out there?) Moral of the story - make sure your boss knows what's going on and educate him or her about assignments. Don't count on Human Resources to magically know the intricacies of federal credit laws.

I forgot to add that all wage assignments are revocable, whether the company says they are or not. It's voluntary and well you the right to say I changed my mind. Why companies try to use these still is beyond me..but I think they want to take the chance of the person not knowing their rights.

You also have some creditors who will ignore the fact that you revoked the assignment and try to send it to your employer anyway. It's happened to me a couple of times, but thank goodness I work for a place that does not honor wage assignments.

Quote:

IMHO, I think it also depends on the size of the company; the bigger the company the less of a chance that an HR Dept is going to honor this. I know that in my case, I work for one of the biggest hospital chains on the West Coast, and when Sonic Payday was making my life Hell with its Wage Assignment threat, I wound up calling Regional Payroll and actually spoke with the Garnishment Supervisor (and yes, we do have one). She told me that she got so many wage assignment letters from Sonic, Northway and other garbage companies like that that she wound up sending them back--and soon they didn't even bother with our employees!
Sounded pretty A-OK to me and I wound up paying them back on my terms.

What if your companie's payroll department is not in the same state you are in? I'm in Nebraksa, and Nebraska wage assignment rules say that a voluntary wage assignment has to be notarized, and has to be signed by a spouse if you are married. My payroll department, however, is in Kansas. Which rule applies?

nebraska laws apply.

Paul is absolutely right. Let me put it another way: you live in Nebraska, but your payroll dept is physically located in Kansas, as you said. They still take out Nebraska, not Kansas state taxes out of your check, right? So Nebraska laws would appy.