For Wage Assignment we have terms and definitions in 3 topics. The topics are Child Support, Credit Reports and Finance.

Wage Assignment (Child Support)

A voluntary agreement by an employee to transfer (or assign) portions of future wage payments (e.g., insurance premium deductions, credit union deductions) to pay certain debts, such as child support.

Wage Assignment (Credit Reports)

A wage assignment is a signed agreement by a buyer or borrower, permitting a creditor to collect a certain portion of your wages from your employer in the event of default.

Wage Assignment (Finance)

A loan agreement provision allowing the lender to deduct payments from an employee's wages in case of default.

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