SB2804 Summary

• Requires creditors to provide 20 days' written notice to employees before serving wage assignment demands, using two delivery methods: first class mail and registered or certified mail.

• Establishes a revocation right allowing employees to stop wage assignments at any time if the assignment is revocable under federal law, by submitting written notice to the creditor.

• Modifies the notice form to include detailed employee options: revoking the assignment, allowing it to proceed (with up to 15% of wages deducted per pay period), or contacting the creditor to negotiate alternative repayment arrangements.

• Eliminates the previous 84-day limit on wage assignment duration and instead ties the termination to either full debt repayment or employee revocation of the assignment.

• Requires employers to cease wage deductions if they receive a revocation notice from the employee, and prohibits creditors from proceeding further on the wage assignment unless a new written agreement is reached.