Washington Notice of Default by Assignee to Obligor

State:
Multi-State
Control #:
US-01461BG
Format:
Word; 
Rich Text
Instant download

Description

An assignment is a transfer of rights that a party has under a contract to another person, called an assignee. The assigning party is called the assignor. An assignee of a contract may generally sue directly on the contract rather than suing in the name of the assignor. The obligor is the person responsible to make payments to the assignee.

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FAQ

A court of law may issue a wage assignment to collect child support. Wage assignment orders are effective immediately upon service on the agency.

The earnings assignment order tells your spouse's employer to take the support payments out of your spouse's pay. If your spouse also has a child support earnings assignment, the employer takes child support out first.

(8) No employer may discharge, discipline, or refuse to hire an employee because of the entry or service of a wage assignment or income withholding order issued and executed under this chapter.

A wage assignment is a voluntary agreement between the employee and creditor where an amount is withheld from the employee's paycheck to satisfy a debt owed to a third-party recipient, whereas under a wage garnishment, the amount withheld from the employee's check is typically obtained through a court order initiated ...

Definition and Example of Wage Assignment Borrowers may agree to allow a lender to use wage assignments, for example, when they take out payday loans. The wage assignment can begin without a court order, although the laws about how much they can take from your paycheck vary by state.

The effect of a valid assignment is to remove privity between the assignor and the obligor and create privity between the obligor and the assignee. Privity is usually defined as a direct and immediate contractual relationship.

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Washington Notice of Default by Assignee to Obligor