[Social Security and several other agencies] are adopting as final an interim rule to amend their regulation governing the garnishment of certain Federal benefit payments that are directly deposited to accounts at financial institutions. The rule establishes procedures that financial institutions must follow when they receive a garnishment order against an account holder who receives certain types of Federal benefit payments by direct deposit. The rule requires financial institutions that receive such a garnishment order to determine the sum of such Federal benefit payments deposited to the account during a two month period, and to ensure that the account holder has access to an amount equal to that sum or to the current balance of the account, whichever is lower.But Social Security, itself, can garnish these benefits before they're ever paid to collect a 40 year old debt.
May 29, 2013
Final Rule On Garnishment Of Federal Benefits
From today's Federal Register: