12 C.F.R. § 313.46 Notice of salary offset where FDIC is the paying agency.
Title 12 - Banks and Banking
(a) Upon issuance of a proper certification by the Director for debts owed to the FDIC, or upon receipt of a proper certification from a creditor agency, the Director shall send the employee a written notice of salary offset. Such notice shall advise the employee: (1) That certification has been issued by the Director or received from another creditor agency; (2) Of the amount of the debt and of the deductions to be made; and (3) Of the initiation of salary offset at the next officially established pay interval or as otherwise provided for in the certification. (b) Where appropriate, the Director shall provide a copy of the notice to the creditor agency and advise such agency of the dollar amount to be offset and the pay period when the offset will begin.
Title 12: Banks and Banking
PART 313—PROCEDURES FOR CORPORATE DEBT COLLECTION
Subpart C—Salary Offset
§ 313.46 Notice of salary offset where FDIC is the paying agency.
