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OPM

RIN: 3206-AM17

Publication ID: Fall 2010

Title: Garnishment of Accounts Containing Federal Benefit Payments
Abstract: Treasury, SSA, VA, RRB and OPM 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: Office of Personnel Management(OPM)	Priority: Other Significant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Proposed Rule Stage
Major: No	Unfunded Mandates: No
CFR Citation: 5 CFR 831    5 CFR 841
Legal Authority: Not Yet Determined

Legal Deadline:  None

Timetable: Action Date FR Cite NPRM  12/00/2010

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Small Entities Affected: No	Federalism: No
Included in the Regulatory Plan: No
RIN Data Printed in the FR: No
Related RINs: Related to 1505-AC20	Related Agencies: Joint: RRB, SSA, TREAS, VA;
Agency Contact: Jessica Johnson Attorney Office of Personnel Management 1900 E Street NW., Room 7541, Washington, DC 20415 Phone:202 606-1700 Fax:202 606-0082 Email: jessica.johnson@opm.gov