12 CFR 313.98
§ 313.98 Ending garnishment.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 313.98, § 313.98 Ending garnishment, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/46342
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Full text
(a) Once the FDIC has fully recovered the amounts owed by the debtor, including interest, penalties, and administrative costs consistent with the FCCS, the FDIC will send the debtor's employer notification to discontinue wage withholding.
(b) At least annually, the FDIC will review its debtors' accounts to ensure that garnishment has been terminated for accounts that have been paid in full.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.