What is required on a garnishment for identification of the defendant? Can it be birth date and Social Security number?
Does an IRS levy exempt Social Security benefits, Social Security disability benefits, V.A. benefits etc?
We have a customer that has deposited a fraudulent check to an account that only receives Social Security direct deposit. Do we have the right to charge the check back to that account?
Can you suggest a site where I can get a copy of the Notice of Garnishment to Account Holder (preferably one that is a pdf file so that I can type in the information that is required)?
If a customer receives a Worker's Comp settlement, is that exempt from levies (either consumer or IRS)?
When a bank holds security on a loan, such as vehicles, are they allowed, after filing a judgment against the borrower, to confiscate other personal items at the borrower's home? These items were not listed as collateral on the above mentioned loan.
A customer recently told a teller that he was cashing out most of his account in order to avoid garnishment from a creditor. He also told her he was opening a safe deposit box to keep the money "safe" from the creditor. A CTR was filed, but my gut tells me to file a SAR. Is this correct? If so, what is the reason?
Are we required to file a SAR on a customer if we receive a levy or garnishment over $5000?
Can a levy attach on a personal account that has only social security for deposits? Does it change for a person if they are incarcerated in a state prison and only have social security deposits going into their account?
by Mary Beth Guard, Esq.
LEVY OR ATTACHMENT? You Can Take This, But DON'T TOUCH THAT!