Download or read book Garnishment of Accounts Containing Federal Benefit Payments (Us Social Security Administration Regulation) (Ssa) (2018 Edition) written by The Law Library and published by Independently Published. This book was released on 2019-01-22 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Law Library presents the complete text of the Garnishment of Accounts Containing Federal Benefit Payments (US Social Security Administration Regulation) (SSA) (2018 Edition). Updated as of May 29, 2018 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. This ebook contains: - The complete text of the Garnishment of Accounts Containing Federal Benefit Payments (US Social Security Administration Regulation) (SSA) (2018 Edition) - A dynamic table of content linking to each section - A table of contents in introduction presenting a general overview of the structure