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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 12 - Banks and Banking |
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Chapter XII - Federal Housing Finance Agency |
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SubChapter A - Organization and Operations |
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Part 1208 - Debt Collection |
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Subpart E - Administrative Wage Garnishment |
§ 1208.76 - Exclusions from garnishment.
Latest version.
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§ 1208.76 Exclusions from garnishment.
FHFA 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 FHFA of the circumstances surrounding an involuntary separation from employment.