Kansas Administrative Regulations
Agency 75 - STATE BANK COMMISSIONER-CONSUMER AND MORTGAGE LENDING DIVISION
Article 6 - UNIFORM CONSUMER CREDIT CODE
Section 75-6-23 - [16a-3-305(1)] No assignment of earnings

Universal Citation: KS Admin Regs 75-6-23
Current through Register Vol. 43, No. 39, September 26, 2024

When a debtor authorizes a deduction from his earnings by the debtor's employer to be paid to the employee's creditor in accordance with the provision permitting such a deduction in K.S.A. 16a-3-305(1), the authorization providing for such "earnings deduction" shall be in a separate printed form or writing apart from the contract. Such authorization shall contain a clear and conspicuous notice to the debtor that the "earnings deduction" that the debtor is authorizing may be revoked by the debtor at any time, and shall also provide appropriate wording so that the form may be used as a form for revoking any such authorization. A copy must be delivered to the debtor at the time of execution. In no such authorization may a reference to an "earnings deduction" be termed a wage assignment. For the purposes of remedies and penalties a violation of this regulation shall constitute a violation of K.S.A. 16a-3-305.

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