Code of Federal Regulations · Section
§ 313.84 — Effect Of Timely Request
12 C.F.R. § 313.84
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If the FDIC receives a debtor's written request for hearing within 15 business days of the date the FDIC mailed its notice of intent to seek garnishment, the FDIC shall not issue a withholding order until the debtor has been provided the requested hearing, and a decision in accordance with § 313.88 and § 313.89 has been rendered.
Authorizing Statute
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Termination of status as insured depository institution12 U.S.C. § 1818
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Installment deduction for indebtedness to the United States5 U.S.C. § 5514
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Definitions and application31 U.S.C. § 3701