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12 CFR 313.84

§ 313.84 Effect of timely request.

United States · 12 CFR — Banks and Banking · Status: effective

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12 CFR 313.84, § 313.84 Effect of timely request, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/46328
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Full text

If the FDIC receives a debtor's written request for hearing within 15 business days of the date the FDIC mailed its notice of intent to seek garnishment, the FDIC shall not issue a withholding order until the debtor has been provided the requested hearing, and a decision in accordance with § 313.88 and § 313.89 has been rendered.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.