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Section 5048 – Assignment of periodic installments

May 14, 2021 | Civil Procedure, New York

An assignment of or an agreement to assign any right to periodic installments for future damages contained in a judgment entered under this article is enforceable only as to amounts:

(a) to secure payment of alimony, maintenance, or child support;
(b) for the cost of products, services, or accommodations provided or to be provided by the assignee for medical, dental or other health care; or
(c) for attorney’s fees and other expenses of litigation incurred in securing the judgment.

N.Y. C.P.L.R. Law ยง 5048