View Rule

View EO 12866 Meetings

Printer-Friendly Version     Download RIN Data in XML

---

VA

RIN: 2900-AN67

Publication ID: Spring 2010

Title: ●Garnishment of Accounts Containing Federal Benefit Payments
Abstract: This is a joint notice of proposed rulemaking. Treasury, SSA, VA, RRB, and OPM (agencies) are publishing for comment a proposed rule to implement statutory restrictions on the garnishment of Federal benefit payments. The proposed rule would establish procedures that financial institutions must follow when a garnishment order is received for an account into which Federal benefit payments have been directly deposited. The proposed rule would require financial institutions that receive a garnishment order for an account to determine whether any Federal benefit payments were deposited to the account within 60 calendar days prior to receipt of the order and, if so, would require the financial institution to ensure that the account holder has access to an amount equal to the sum of such payments in the account.
Agency: Department of Veterans Affairs(VA)	Priority: Other Significant
RIN Status: First time published in the Unified Agenda	Agenda Stage of Rulemaking: Proposed Rule Stage
Major: No	Unfunded Mandates: No
CFR Citation: 38 CFR 1.1000
Legal Authority: 38 USC 501

Legal Deadline:  None

Timetable: Action Date FR Cite NPRM  10/00/2010

Regulatory Flexibility Analysis Required: Undetermined	Government Levels Affected: State
Small Entities Affected: Businesses	Federalism: Undetermined
Included in the Regulatory Plan: No
Public Comment URL: www.regulations.gov
RIN Data Printed in the FR: No
Related Agencies: Joint: TREAS, SSA, RRB, OPM;
Agency Contact: Ken Lee Staff Attorney Department of Veterans Affairs Office of General Counsel (022G1), 810 Vermont Avenue NW., Washington, DC 20420 Phone:202 461-7651 Email: ken.lee@va.gov