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Title 12: Banks and Banking
CHAPTER III: FEDERAL DEPOSIT INSURANCE CORPORATION
SUBCHAPTER A: PROCEDURE AND RULES OF PRACTICE
PART 313: PROCEDURES FOR CORPORATE DEBT COLLECTION
Subpart D: Administrative Wage Garnishment
313.98 - Ending garnishment.
(a) Once the FDIC has fully recovered the amounts owed by the debtor, including interest, penalties, and administrative costs consistent with the FCCS, the FDIC will send the debtor's employer notification to discontinue wage withholding.
(b) At least annually, the FDIC will review its debtors' accounts to ensure that garnishment has been terminated for accounts that have been paid in full.
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