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Recommended Retention Period for Levies/Freezes

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Question: 
What is the recommended retention period for Levies and Freezes processed by the financial institution?
Answer: 

The record retention period for "garnishment" orders is two years under federal law. Any other requirements for record retention regarding third party claims for funds or information are a product of state law or regulation and vary in length from state to state. Consider posting your question in your state's forum for a more specific answer.

First published on 03/10/2014

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