Garnishment of Accounts Containing Federal Benefit Payments

Docket ID: FISCAL-FMS-2011-0002
Agency: Fiscal Service (FISCAL)
Parent Agency: Department of the Treasury (TREAS)
Treasury, SSA, VA, RRB and OPM (Agencies) are issuing an interim final rule to implement statutory restrictions on the garnishment of Federal benefit payments. The rule establishes procedures that financial institutions must follow when they receive a garnishment order against an account holder who receives certain types of Federal benefit payments by direct deposit. The rule requires financial institutions that receive such a garnishment order to determine the sum of such Federal benefit payments deposited to the account during a two month period, and to ensure that the account holder has access to an amount equal to that sum or to the current balance of the account, whichever is lower.
RIN: Not Assigned
Docket Details open glossary dialog  
Related RINs: None
Related Dockets: None
Keyword(s): benefit payments, garnishment, exempt payments, preemption, financial institutions, recordkeeping
Type: Rulemaking

Primary Documents

View All  (1)
Comment Period Closed
May 24, 2011 11:59 PM ET
Posted: 02/23/2011
ID: FISCAL-FMS-2011-0002-0001

Supporting Documents

View All  (1)
Comments Not Accepted
Supporting & Related Material
Posted: 03/09/2011
ID: FISCAL-FMS-2011-0002-0003


View All  (29)

Comments Received*
*This count refers to the total comment/submissions received on this docket, as of 11:59 PM yesterday. Note: Agencies review all submissions, however some agencies may choose to redact, or withhold, certain submissions (or portions thereof) such as those containing private or proprietary information, inappropriate language, or duplicate/near duplicate examples of a mass-mail campaign. This can result in discrepancies between this count and those displayed when conducting searches on the Public Submission document type. For specific information about an agency’s public submission policy, refer to its website or the Federal Register document.