§ 1672. — Definitions.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC1672]
TITLE 15--COMMERCE AND TRADE
CHAPTER 41--CONSUMER CREDIT PROTECTION
SUBCHAPTER II--RESTRICTIONS ON GARNISHMENT
Sec. 1672. Definitions
For the purposes of this subchapter:
(a) The term ``earnings'' means compensation paid or payable for
personal services, whether denominated as wages, salary, commission,
bonus, or otherwise, and includes periodic payments pursuant to a
pension or retirement program.
(b) The term ``disposable earnings'' means that part of the earnings
of any individual remaining after the deduction from those earnings of
any amounts required by law to be withheld.
(c) The term ``garnishment'' means any legal or equitable procedure
through which the earnings of any individual are required to be withheld
for payment of any debt.
(Pub. L. 90-321, title III, Sec. 302, May 29, 1968, 82 Stat. 163.)
