Loans
Although deductions for the periodic installment
payments on a loan made to an employee by the employer are permissible when
authorized in writing by the employee, the court also concluded that the
balloon (lump sum) payment of the outstanding balance to be made at the time
the employment relationship ends is not allowed notwithstanding the fact the
employee has given his or her written consent to such a payment. When the
employment relationship ends, your employer can only deduct the amount of one
installment payment from your final paycheck.
For a free consultation with an experienced employee
rights attorney, contact David Spivak:
- Email David@SpivakLaw.com
- Call toll free (877) 876-5744
- Visit The Spivak Law Firm, 16530 Ventura Boulevard Suite 312 Encino, CA 91436
- Fax (310) 499-4739
For further information on your rights in the work
place, please visit our other websites:
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