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 regarding the quantity that companies may withhold from a person’s profits in reaction up to a garnishment order, while the CCPA’s protection from termination as a result of garnishment for almost any debt that is single.

Wage Garnishments

A wage garnishment is any appropriate or procedure that is equitable which some percentage of a person’s profits is needed to be withheld when it comes to re payment of the debt. Many garnishments are formulated by court purchase. Other styles 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.

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

Title III for the CCPA’s Limitations on Wage Garnishments

Title III regarding the CCPA (Title III) limits the quantity of an individual’s profits that could be garnished and protects a member of staff from being fired if pay is garnished just for one financial obligation. Continue reading Fact Sheet #30: The Federal Wage Garnishment Law, Credit Rating Protection Act’s Title III (CCPA)