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Section 15-301 – Definitions

    (a)    In this subtitle the following words have the meanings indicated.     (b)    (1)    “Assignment” includes every transfer, sale, pledge, mortgage, or hypothecation, however made or attempted, of the wages of a person or any interest in them.         (2)    “Assignment” does not include an authorization by a borrower or his guarantor or surety for payroll deductions to repay a loan […]

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 15-303 – 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 […]