12 CFR § 313.96 Procedures for Collection of Corporate Debt, Criminal Restitution Debt, and Civil Money Penalty Debt

§ 313.96 Exclusions from garnishment.

Current through Oct 1, 2026 · Read all of Part 313

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.

← § 313.95 Amounts withheld.§ 313.97 Financial hardship. →