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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 companies may withhold from a person’s earnings in reaction to a garnishment purchase, 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 for the re re payment of a financial obligation. Many garnishments are built by court purchase. Other styles of appropriate or equitable procedures for garnishment include IRS or state income tax collection agency levies for unpaid taxes and federal agency administrative garnishments for non-tax debts owed to your authorities.

Wage garnishments try not to add wage that is voluntary is, circumstances for which workers voluntarily concur that their companies may start some specified amount of these profits up to a creditor or creditors.

Title III associated with CCPA’s Limitations on Wage Garnishments

Title III for the CCPA (Title III) limits the actual quantity of an individual’s profits that might be garnished and protects a worker from being fired if pay is garnished just for one financial obligation. The U.S. Department of Labor’s Wage and Hour Division administers Title III, which is applicable in every 50 states, the District of Columbia, and all sorts of U.S.