(a) A creditor may not take an assignment of earnings of the consumer for payment or as security for payment of an obligation arising out of a consumer credit sale or direct installment loan.
(b) A creditor may not take or accept from the consumer a warrant or power of attorney or other authorization for the creditor, or other person acting on his behalf, to confess judgment arising out of a consumer credit sale or direct installment loan.
(c) An assignment of earnings or an authorization in violation of this section is subject to the provisions of section 28-3813(d)(1) of this subtitle.
(Dec. 17, 1971, 85 Stat. 670, Pub. L. 92-200, § 4.)
1981 Ed., § 28-3804.
1973 Ed., § 28-3804.
Structure District of Columbia Code
Title 28 - Commercial Instruments and Transactions. [Enacted title]
Chapter 38 - Consumer Protections
§ 28–3801. Scope — Limitation on agreements and practices
§ 28–3804. Assignment of earnings and authorization to confess judgment prohibited
§ 28–3805. Debts secured by cross-collateral
§ 28–3807. Negotiable instruments prohibited
§ 28–3808. Assignees subject to defenses
§ 28–3809. Lender subject to defenses arising from sales
§ 28–3811. Home solicitation sales
§ 28–3812. Limitation on creditors’ remedies
§ 28–3813. Consumers’ remedies
§ 28–3815. Administrative enforcement