Garnishment of Accounts Containing Federal Benefit Payments – ON-DEMAND WEBINARS

The “Garnishment Rule” requires financial institutions to ensure certain funds are protected from garnishment. The financial institution has a duty to correctly research, calculate, protect and notify the customer. We’ll discuss the account review requirements, look at examples, and also discuss best practices.

In this webinar we will discuss:

• Institution responsibilities upon receipt of garnishment order
• Uniform Account Review requirements including:
  • Timing
  • Lookback Period
  • Protected Amount
  • Examples
• Notice to the Account Holder
• Best Practices