Tap any paragraph to write a margin note. Your notes collect in the Desk below the text and file under cases with @. The side-by-side margin rail opens on a larger screen.

Code · CFR · Title 17 — Commodity and Securities Exchanges · Part 204 — Rules Relating to Debt Collection · § 204.63

§ 204.63. Notice.

272 words·~1 min read·/us/cfr/t17/s§ 204.63·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)At least 30 days before the initiation of garnishment proceedings, the Commission will mail, by first class mail to the debtor's last known address, a written notice informing the debtor of:
(1)The nature and amount of the debt;
(2)The Commission's intention to initiate proceedings to collect the debt through deductions from pay until the debt and all accumulated interest, penalties and administrative costs are paid in full; and
(3)An explanation of the debtor's rights, including those set forth in paragraph
(b)of this section, and the time frame within which the debtor may exercise these rights.
(b)The debtor will be afforded the opportunity:
(1)To inspect and copy records related to the debt;
(2)To enter into a written repayment agreement with the Commission, under terms agreeable to the Commission; and
(3)To the extent that a debt owed has not been established by judicial or administrative order, to request a hearing concerning the existence or amount of the debt or the terms of the debt's repayment schedule. With respect to debts established by a judicial or administrative order, a debtor may request a hearing concerning the payment or other discharge of the debt. The debtor is not entitled to a hearing concerning the terms of the proposed repayment schedule if these terms have been established by written agreement under paragraph (b)(2) of this section.
(c)The notice required by this section may be included with the Commission's demand letter required by subpart A of this part.
(d)The Commission will keep a copy of the certificate of service indicating the date of mailing of the notice.
★   the supreme law of the land   ★
Don't Tread on Me
E Pluribus Unum — out of many, one

"If you don't know your rights, you don't have any."

Marginalia · a citizen's law index
A research desk, not legal advice. Always read the cited source before relying on a summary.
Questions or an issue? support@self-law.org
disclaimerMarginalia is a research index, not a law firm. Nothing on this site is legal, tax, or financial advice and no attorney–client relationship is formed by using it. Statutes, regulations, and case law change; summaries, search results, AI output, and member posts may be incomplete, out of date, or wrong. Any interpretation drawn from material on this site should be validated by a licensed attorney in your jurisdiction before you act on it.