United States Code: TITLE 15 - Consumer Credit Protection: Restrictions on Garnishment

The Center For Debt Management: United States Code: TITLE 15 - Consumer Credit Protection: Restrictions on Garnishment
United States Code: TITLE 15 - Consumer Credit Protection: Restrictions on Garnishment

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TITLE 15–COMMERCE AND TRADE

CHAPTER 41–CONSUMER CREDIT PROTECTION

Sub Chapter II – Restrictions on Garnishment

Sec. 1672. Definitions

For the purposes of this subchapter:

(a) The term ``earnings'' means compensation paid or payable for personal services, whether denominated as wages, salary, commission, bonus, or otherwise, and includes periodic payments pursuant to a pension or retirement program.

(b) The term ``disposable earnings'' means that part of the earnings of any individual remaining after the deduction from those earnings of any amounts required by law to be withheld.

(c) The term ``garnishment'' means any legal or equitable procedure through which the earnings of any individual are required to be withheld for payment of any debt. (Pub. L. 90-321, title III, Sec. 302, May 29, 1968, 82 Stat. 163.)

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Note: For affordable legal assistance The Center For Debt Management highly recommends Standard Legal's Do-It-Yourself Software Kits. For credit repair services, Lexington Law Firm
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For additional legal resources, go to the Legal Resource Center

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United States Code: TITLE 15 - Consumer Credit Protection: Restrictions on Garnishment