24 CFR 350.11
§ 350.11 Notice of Attachment for Ginnie Mae Securities in Book-entry System.
United States · 24 CFR — Housing and Urban Development · Status: effective
Cite this
- Citation
- 24 CFR 350.11, § 350.11 Notice of Attachment for Ginnie Mae Securities in Book-entry System, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/100659
- Permanent ID
ys:prov:100659@1- SHA-256
6202f4ae35393d1b47858e12d22895cba53e4071bb6d8267132deaff930891b0
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Full text
The interest of a debtor in a Security Entitlement may be reached by a creditor only by legal process upon the Securities Intermediary with whom the debtor's securities account is maintained, except where a Security Entitlement is maintained in the name of a secured party, in which case the debtor's interest may be reached by legal process upon the secured party. These regulations do not purport to establish whether a Federal Reserve Bank as Depository is required to honor an order or other notice of attachment in any particular case or class of cases.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.