12 CFR 313.96 - Exclusions from garnishment.

Regulations last checked for updates: Nov 26, 2024

Title 12 - Banks and Banking last revised: Nov 20, 2024

View all text of Subpart D [§ 313.80 - § 313.119]

§ 313.96 - Exclusions from garnishment.

The FDIC will not garnish the wages of a debtor it knows has been involuntarily separated from employment until the debtor has been re-employed continuously for at least 12 months. The debtor has the burden of informing the FDIC of the circumstances surrounding an involuntary separation from employment.

authority: 5 U.S.C. 5514; 12 U.S.C. 1818(i), 1819(a); Pub. L. 104-134, 110 Stat. 1321 (31 U.S.C. 3701,3711,3716

source: 67 FR 48527, July 25, 2002, unless otherwise noted.

cite as: 12 CFR 313.96