15 U.S.C. § 1672 — Definitions

submitted 58 years ago by Pub. L. 90-321 to r/title-15-COMMERCE-AND-TRADE · 95 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section defines “earnings,” “disposable earnings,” and “garnishment” for this subchapter.

For this subchapter: (a) “earnings” means compensation paid or owed for personal services, including wages, salary, commission, bonus, and periodic pension or retirement payments. This section does not otherwise define the term. (b) “disposable earnings” means an individual's earnings left after amounts that the law requires to be withheld are deducted. This section does not otherwise define the term. (c) “garnishment” means a legal or equitable procedure through which an individual's earnings are required to be withheld for payment of a debt. This section does not define the term beyond that description.

the actual law source: uscode.house.gov ↗public domain

For the purposes of this subchapter:

(a)

The term “earnings” means compensation paid or payable for personal services, whether denominated as wages, salary, commission, bonus, or otherwise, and includes periodic payments pursuant to a pension or retirement program.

(b)

The term “disposable earnings” means that part of the earnings of any individual remaining after the deduction from those earnings of any amounts required by law to be withheld.

(c)

The term “garnishment” means any legal or equitable procedure through which the earnings of any individual are required to be withheld for payment of any debt.

Source credit: (Pub. L. 90–321, title III, § 302, May 29, 1968, 82 Stat. 163.)

history & why it existsrecord from the source credit

1968Enacted · Pub. L. 90-321 · 82 Stat. 163

A history note hasn’t been published yet. The record shows enactment by Pub. L. 90-321 on 1968-05-29.

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