§ 28-15-2 - Maximum period of assignment – Form and contents. - Rhode-island Statutes

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SECTION 28-15-2

§ 28-15-2 Maximum period of assignment– Form and contents. – No assignment of future earnings or wages shall be valid:

(1) For a period exceeding one year from the date of theassignment;

(2) Unless made to secure a debt contracted prior to orsimultaneously with the execution of the assignment;

(3) Unless executed in writing in the standard form set forthin § 28-15-3 and signed by the assignor in person and not by attorney; and

(4) Unless the assignment truly states the date of itsexecution, the money or the money value of goods actually furnished by theassignee and the rate of interest, if any, to be paid on it.

State Codes and Statutes

Statutes > Rhode-island > Title-28 > Chapter-28-15 > 28-15-2

SECTION 28-15-2

§ 28-15-2 Maximum period of assignment– Form and contents. – No assignment of future earnings or wages shall be valid:

(1) For a period exceeding one year from the date of theassignment;

(2) Unless made to secure a debt contracted prior to orsimultaneously with the execution of the assignment;

(3) Unless executed in writing in the standard form set forthin § 28-15-3 and signed by the assignor in person and not by attorney; and

(4) Unless the assignment truly states the date of itsexecution, the money or the money value of goods actually furnished by theassignee and the rate of interest, if any, to be paid on it.

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State Codes and Statutes

Statutes > Rhode-island > Title-28 > Chapter-28-15 > 28-15-2

SECTION 28-15-2

§ 28-15-2 Maximum period of assignment– Form and contents. – No assignment of future earnings or wages shall be valid:

(1) For a period exceeding one year from the date of theassignment;

(2) Unless made to secure a debt contracted prior to orsimultaneously with the execution of the assignment;

(3) Unless executed in writing in the standard form set forthin § 28-15-3 and signed by the assignor in person and not by attorney; and

(4) Unless the assignment truly states the date of itsexecution, the money or the money value of goods actually furnished by theassignee and the rate of interest, if any, to be paid on it.