Sec. 3. Adjustment to restrictions on garnishment
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/bill/114/s/3143/is/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); in the matter preceding paragraph (2), 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 ; in paragraph (2)— by striking thirty and inserting 80 ; and by striking the comma at the end and inserting a period; and in the matter following paragraph (2), by striking whichever is less. .
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Sec. 3
Adjustment to restrictions on garnishment
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