14 GCA § 3109: Sale of Unpaid Earnings.

If a sale of unpaid earnings is made in consideration of the payment of money to or for the account of the seller, the transaction is deemed to be a loan to the seller secured by an assignment of earnings. The principal of the loan is equal to the money paid to or for the account of the seller, and the difference between this amount and the amount of the unpaid earnings sold is the loan finance charge.