LSCU COOP / Governmental Affairs / Compliance & Operational Support / Garnishment Guidelines

Garnishment Guidelines

These guidelines are for use by financial institutions when a garnishment order is received for an account into which Federal benefit payments have been directly deposited. Financial institutions that receive a garnishment order are required to determine the sum of protected Federal benefits 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.

Click here to download the 2011 Guidelines for Garnishment Accounts.

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