Sec. 3. Adjustment to restrictions on garnishment
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/bill/114/hr/5664/ih/section-3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 303(a) of the Consumer Credit Protection Act ( 15 U.S.C. 1673 ) is amended— by striking paragraph (1); by striking whichever is less. ; by striking garnishment may not exceed and inserting garnishment or assignment may not exceed the lesser of— for an individual earning— less than or equal to $1,200 (as adjusted for inflation every 3 years, by notice, to reflect the change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics) a workweek, 10 percent of the individual’s disposable earnings for that workweek; or more than $1,200 (as adjusted for inflation every 3 years, by notice, to reflect the change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics) a workweek, 15 percent of the individual’s disposable earnings for that workweek; or ; and in paragraph (2)— by striking thirty and inserting 80 ; and by striking the comma at the end and inserting a period.
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Sec. 3
Adjustment to restrictions on garnishment
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