StacksVerified U.S. regulatory reference

12 CFR §313.96

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
The FDIC will not garnish the wages of a debtor it knows has been involuntarily separated from employment until the debtor has been re-employed continuously for at least 12 months. The debtor has the burden of informing the FDIC of the circumstances surrounding an involuntary separation from employment.