Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 12 - Banks and Banking |
Chapter III - Federal Deposit Insurance Corporation |
SubChapter A - Procedure and Rules of Practice |
Part 313 - Procedures for Corporate Debt Collection |
Subpart D - Administrative Wage Garnishment |
§ 313.96 - Exclusions from garnishment.
Latest version.
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§ 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.