6.1-289 - (Repealed effective October 1, 2010) Validity of wage assignments, chattel mortgages and other liens; exemptions unimpaired. - Virginia Statutes

§ 6.1-289. (Repealed effective October 1, 2010) Validity of wage assignments,chattel mortgages and other liens; exemptions unimpaired.

No assignment of or order for payment of any salary, wages, commissions, orother compensation for services, earned or to be earned, given to secure anyloan made by any licensee, shall be valid unless the amount of the loan ispaid to the borrower simultaneously with its execution; nor shall any suchassignment or order, or any chattel mortgage or other lien on householdfurniture then in the possession and use of the borrower be valid unless itis in writing, signed in person by the borrower, and not by an attorney, orif the borrower is married unless it is signed in person by both husband andwife, and not by an attorney, provided nothing in this chapter shall have theeffect of impairing in any manner any rights on the part of anyone as toexemptions under the poor debtors law or under any other applicable exemptionlaw as now or hereafter enacted; but written assent of a spouse shall not berequired when husband and wife have been living separate and apart for aperiod of at least five months prior to the making of the assignment, order,mortgage, or lien; and the provisions of this section are in addition to, andnot in derogation of, the general statutes pertaining to the subject.

(Code 1950, § 6-318; 1966, c. 584.)