§ 212.11. Compliance and record retention.
60 words·~1 min read·
/us/cfr/t31/s§ 212.11·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Enforcement. Federal banking agencies will enforce compliance with this part.
(b)Record retention. A financial institution shall maintain records of account activity and actions taken in response to a garnishment order, sufficient to demonstrate compliance with this part, for a period of not less than two years from the date on which the financial institution receives the garnishment order.