StacksVerified U.S. regulatory reference

12 CFR §1208.61

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
At least 30 days before the initiation of garnishment proceedings, FHFA will send, by first class mail to the debtor's last known address, a written notice informing the debtor of:
  1. (a)The nature and amount of the debt;
  2. (b)FHFA's intention to initiate proceedings to collect the debt through deductions from the debtor's pay until the debt and all accumulated interest penalties and administrative costs are paid in full;
  3. (c)An explanation of the debtor's rights as set forth in § 1208.62(c); and
  4. (d)The time frame within which the debtor may exercise these rights. FHFA shall retain a stamped copy of the notice indicating the date the notice was mailed.