Okla. Stat. tit. 14A, § 14A-3-403
This is the official text of Okla. Stat. tit. 14A, § 14A-3-403, part of Oklahoma’s Stat. tit. 14A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 14A,." Browse the sections below, each linked to its official government source.
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No assignment of earnings
Official statutory text
(1) A lender may not take an assignment of earnings of the
debtor for payment or as security for payment of a debt arising out
of a consumer loan. An assignment of earnings in violation of this
section is unenforceable by the assignee of the earnings and
revocable by the debtor. This section does not prohibit an employee
from authorizing deductions from his earnings if the authorization
is revocable.
(2) A sale of unpaid earnings made in consideration of the
payment of money to or for the account of the seller of the earnings
is deemed to be a loan to him secured by an assignment of earnings.
debtor for payment or as security for payment of a debt arising out
of a consumer loan. An assignment of earnings in violation of this
section is unenforceable by the assignee of the earnings and
revocable by the debtor. This section does not prohibit an employee
from authorizing deductions from his earnings if the authorization
is revocable.
(2) A sale of unpaid earnings made in consideration of the
payment of money to or for the account of the seller of the earnings
is deemed to be a loan to him secured by an assignment of earnings.
Status: in_force · Read it on the official government site
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