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Receivership Order: Review Deposit Activity

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Question: 
When a receivership order is received, do we need to review the deposit activity to identify protected funds from a government agency?
Answer: 

No.

The concept of protected funds from government agency direct deposits is one associated with the Treasury Department's "Garnishment of Accounts Containing Federal Benefits Payments" regulation. A guardianship order is vastly different from a garnishment order.

First published on 10/15/2017

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