The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 8 V.S.A. § 2234)
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§ 2234. Assignment of wages
The payment in money, credit, goods, or things in action, as consideration for any
sale or assignment of, or order for, the payment of wages, salary, commissions, or
other compensation for services, whether earned or to be earned, for the purpose of
regulation under this chapter, shall be deemed a loan secured by such assignment.
The amount by which such assigned compensation exceeds the amount of such consideration
actually paid, for the purposes of regulation under this chapter, shall be deemed
finance charges or charges upon such loan from the date of such payment to the date
such compensation is payable. Such transactions shall be governed by and subject to
applicable provisions of this title and 9 V.S.A. chapters 4, 59, and 61. (Amended 1969, No. 243 (Adj. Sess.), § 6; 1979, No. 173 (Adj. Sess.), § 9, eff. April 30, 1980; 1995, No. 162 (Adj. Sess.), § 34, eff. Jan. 1, 1997; 2009, No. 29, § 1.)