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Fact Sheet #30: The Federal Wage Garnishment Law, Credit Rating Protection Act’s Title III (CCPA)

Fact Sheet #30: The Federal Wage Garnishment Law, Credit Rating Protection Act’s Title III (CCPA)

This particular fact sheet provides basic information concerning the CCPA’s limitations in the quantity that employers may withhold from a person’s profits in reaction up to a garnishment purchase, while the CCPA’s protection from termination as a result of garnishment for just about any debt that is single.

Wage Garnishments

A wage garnishment is any appropriate or equitable procedure through which some percentage of a person’s profits is needed to be withheld when it comes to re payment of the financial obligation. Many garnishments are available by court purchase. Other kinds of appropriate or equitable procedures for garnishment include IRS or state income tax collection agency levies for unpaid fees and federal agency administrative garnishments for non-tax debts owed to your government that is federal.

Wage garnishments try not to consist of voluntary wage assignments—that is, circumstances by which workers voluntarily agree totally that their companies may start some specified amount of these profits up to a creditor or creditors.

Title III associated with the CCPA’s Limitations on Wage Garnishments

Title III of this CCPA (Title III) limits the total amount of an earnings that are individual’s can be garnished and protects a member of staff from being fired if pay is garnished just for one financial obligation.