Section 15-302 – Requisites of Assignment
(a) An assignment of wages is not valid unless: (1) The assignment is: (i) In writing; (ii) Signed and acknowledged by the assignor before a notary public in and for the county where he resides; and (iii) Entered the same day on the docket of the court by the clerk; and (2) Within three days from the execution and acknowledgment of […]
Section 15-607 – Wages Due From State or Political Subdivisions; Additional Charge
(a) Wages, due from or payable by the State, or a county, municipal corporation, or other political subdivision, and the public officers of the State or a county, municipal corporation, or other political subdivision to an individual, are subject to attachment process brought for the enforcement of the private legal obligations of the individual in the […]
Section 15-303 – Proof of Service on Employer
(a) Proof of the service made in accordance with § 15-302(a)(2) of this subtitle shall be by written admission of the assignor’s employer on the original assignment. (b) Within two days from the date of service, the original assignment with the employer’s written admission shall be filed with the clerk of the court.
Section 15-304 – Affidavit as to Interest on Loan
The assignor’s acknowledgment of assignment shall include his affidavit stating that he has not paid and will not pay directly or indirectly on any sum borrowed, an effective rate of simple interest, as defined in § 12-101 of this article, of more than 6 percent per annum.
Section 15-305 – Injunction
(a) If an assignee files or threatens to file an action to enforce any assignment of wages which does not comply with any provision of this subtitle, on petition of the assignor or his employer, a court of equity may enjoin the threatened or attempted enforcement of the assignment. (b) The fact that a petitioner has a […]
Section 15-401 – Subrogation of Surety
If a surety in any bond or other obligation for the payment of money or a promissory note, or the endorser of a protested draft, pays or tenders the money due on it in full, he is entitled to an assignment of it and, by virtue of the assignment, may maintain an action in his […]
Section 15-402 – Action by Assignee on Obligation Under Seal
(a) Subject to the provisions of subsection (d) of this section, the assignee of a bond or other obligation under seal which was assigned under the assignor’s signature and seal, may maintain an action in his name against the obligor named in the bond or other obligation. (b) Except as provided in subsection (c) of this section, […]
Section 15-501 – Prohibition Against Certain Assignments or Transfers
(a) It is unlawful for a creditor who is a citizen of the State to assign or transfer a claim against a resident of the State: (1) For the purpose of having the claim collected by attachment in a court outside the State; or (2) With the intent to deprive the debtor of his rights under the laws […]
Section 15-502 – Liability of Creditor for Assigned or Transferred Debt
(a) If the creditor assigns or transfers the debt to a nonresident in violation of § 15-501 of this subtitle and the debt is collected by the assignee outside the State, the creditor is liable to the debtor for the full amount of the debt including collected interest and costs. In addition, the creditor forfeits his […]
Section 15-503 – Penalty for Assignment or Transfer
Any creditor who violates any provision of § 15-501 of this subtitle is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $50.