No Wage Assignment Clause Samples

No Wage Assignment. This Agreement is not a sale, pledge, or assignment of your Future Income and Funder does not have a right under this Agreement to redirect, levy, or garnish any amounts that you receive from your employer or any other sources of income. You are, however, contractually obligated to make all Payments, including those that are calculated based upon your Future Income. Your payment obligations are limited by both the minimum income thresholds set forth in this Agreement and the maximum income caps. In the event that Student fails to make Payments under this Agreement, Funder may have a right, if allowed by state law, to redirect, levy, or garnish student's wages if such remedy is allowed by state law following Funder's election to exercise remedies under state law for the collection of Payments. These remedies will only be available, if at all, under the supervision of a state judicial system.