{"data":{"id":"us-ky/krs-371.110","jurisdiction":"us-ky","citation":"KRS 371.110","heading":"Pledge or transfer of future wages -- What instrument shall state.","body":"No assignment, sale, pledge, mortgage or other transfer of wages to be earned or paid in\nthe future, where the whole or a part of the consideration for the assignment, sale, pledge,\nmortgage or other transfer is a sum of money of less than two hundred doll ars ($200)\nshall be valid unless the instrument evidencing it:\n(1) Is in writing subscribed by the assignor, and bears the true date of its signature by\nthe assignor and the true date of delivery of the money;\n(2) Contains a true statement of the considera tion, the amount of money advanced or\npaid, the interest and all other fees and charges paid or agreed to be paid by the\nassignor, the time when the debt, if any, matures and, if the debt is to be paid in\ninstallments, the date of payment of each installment; and\n(3) Gives the full name and address of each assignee, vendee, pledgee or mortgagee. If\nthe assignee, vendee, pledgee or mortgagee is a partnership, the instrument shall\ngive the name of each member of the partnership, and if it is a corporation or a\nnonresident partnership or individual, the instrument shall give the name and\naddress of some person in the state upon whom process may be served in any\nlitigation involving the instrument.","path":["KRS Chapter 371"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=35231","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:07Z","sha256":"80710659465e260a145b92b0107a281b57efc38c724be4b6a832b006713d618b","source_id":"us-ky","stale":false,"prev":"us-ky/krs-371.100","next":"us-ky/krs-371.120"},"notice":"GroundRules: Original legal text. Not legal advice."}