6.1-290 - (Repealed effective October 1, 2010) Amount collectible from employer under wage assignment. - Virginia Statutes

§ 6.1-290. (Repealed effective October 1, 2010) Amount collectible fromemployer under wage assignment.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 fora loan made by any licensee, notwithstanding the provisions of any other lawto the contrary, and under the assignment or order, not to exceed ten percentum of the borrower's salary, wages, commissions, or other compensationfor services shall be collectible from the employer of the borrower by thelicensee 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 ofthe assignment, verified by the oath of the licensee or his agent, togetherwith a similarly verified statement of the amount unpaid upon the loan and aprinted copy of § 6.1-289 and this section, is served upon the employer.

(Code 1950, § 6-319; 1966, c. 584.)