12 CFR 313.96

§ 313.96 Exclusions from garnishment.

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

Cite this

Citation: 12 CFR 313.96, § 313.96 Exclusions from garnishment, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/46340
Permanent ID: ys:prov:46340@1
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Full text

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.

Legislative history

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