§ 6.1-290. Amount collectible from employer under wage assignment
A valid assignment or order for the payment of future salary, wages, commissions, or other compensation for services, may be given as security for a loan made by any licensee, notwithstanding the provisions of any other law to the contrary, and under the assignment or order, not to exceed ten per centum of the borrower's salary, wages, commissions, or other compensation for services shall be collectible from the employer of the borrower by the licensee at the time of each payment to the borrower of the salary, wages, commission, or other compensation for services, from the time that a copy of the assignment, verified by the oath of the licensee or his agent, together with a similarly verified statement of the amount unpaid upon the loan and a printed copy of § 6.1-289 and this section, is served upon the employer.
(Code 1950, § 6-319; 1966, c. 584.)
Sections: Previous 6.1-284 6.1-284.1 6.1-285 6.1-286 6.1-287 6.1-288 6.1-289 6.1-290 6.1-291 6.1-292 6.1-293 6.1-294 6.1-295 6.1-296 6.1-297 NextLast modified: April 16, 2009