An assignment of wages should be contained in a separate written instrument, signed by the person who has earned or will earn the wages or salary. The assignment should include statements identifying the transaction to which the assignment relates, the personal status of the assignor, and a recital, where appropriate, that no other assignment or order exists in connection with the same transaction.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
The Ohio Assignment of a Specified Amount of Wages refers to a legal arrangement in which an employee voluntarily assigns a specific portion of their wages to a creditor. This assignment allows the creditor to collect the designated amount directly from the employee's wages, bypassing the employee's control over those funds. Such assignments are governed by Ohio state law and have specific requirements and considerations. One type of Ohio Assignment of a Specified Amount of Wages is known as a wage garnishment, which typically arises from a court order or a legal obligation, such as unpaid child support or taxes. In this case, the assigned amount is determined by the court or applicable laws. Wage garnishments are designed to ensure that the creditor receives the designated portion of the employee's wages directly from their employer before the employee receives their salary. Another type of Ohio Assignment of a Specified Amount of Wages occurs when an employee willingly enters into an agreement with a creditor to assign a predetermined portion of their wages. This type of assignment often arises in situations where the employee has outstanding debts and seeks to establish a repayment plan. By assigning a specified amount of their wages, the employee ensures that the creditor receives regular payments towards the debt until it is fully repaid. It is essential to note that Ohio law governs the maximum amount that can be assigned from an employee's wages. According to Ohio Revised Code Section 2329.66, the maximum assignment allowed is the least of either 25% of the employee's disposable earnings or an amount that, when subtracted from the employee's disposable earnings, leaves the employee with at least 30 times the federal minimum wage (or the Ohio minimum wage if it is higher). To initiate an Ohio Assignment of a Specified Amount of Wages, certain steps must be followed. The assignment should be in writing, specifying the assigned amount and the duration of the assignment. The employee must sign the agreement voluntarily and without coercion. Additionally, the employer must be notified in writing about the assignment and comply with the necessary procedures to implement it. In summary, the Ohio Assignment of a Specified Amount of Wages allows for the assignment of a designated portion of an employee's wages to a creditor. This assignment can occur through court-ordered wage garnishments or through voluntary agreements between the employee and the creditor. It is important to adhere to Ohio state laws regarding maximum assignment amounts and follow the proper procedures to ensure a valid and enforceable assignment.
