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.
source: 67 FR 48527, July 25, 2002, unless otherwise noted.
cite as: 12 CFR 313.96