Garnishment of Accounts Containing Federal Benefit Payments Policy - $100.00
The purpose of this Garnishment of Accounts Containing Federal Benefit Payments Policy is to address how a financial institution ensures proper adherence to the statutory provisions that protect federal benefits from garnishment in the event the organization is served a garnishment order against an account holder whose account a federal benefit payment has been directly deposited.
Table of Contents
Purpose and Contents - Topic 1 Policy Statement - Topic 2
Definitions - Topic 3
Initial Action, Account Review, and Protection of Federal Benefits - Topic 4
Other Rights and Authorities - Topic 5
Preemption of State Law - Topic 6
Safe Harbor - Topic 7
Audit Policy - Topic 8
Staff Training - Topic 9
Retention of Documentation - Topic 10
Includes the following form template:
Model Notice to Account Holder (1 page)
This policy template (approximately 10 pages) is available to purchase from BankPolicies.com in Microsoft® Word format for $100.00.
Mix and Match Volume Pricing
Would you like to mix and match multiple policies, procedures or job descriptions and receive a special volume discount? Click here to see how much you can save.