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Question 5 Why must borrowers whose income is being garnished be careful about their savings in a bank account? Banks and credit unions cannot participate
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Why must borrowers whose income is being garnished be careful about their savings
in a bank account?
Banks and credit unions cannot participate in garnishment processes
Storing income that is nonexempt and exempt in different accounts can lead to further legal
action
Storing income that is nonexempt and exempt in the same account can lead to a potential
freeze or entire seizure of the account
Storing income that is nonexempt and exempt in the same account can lead to further legal
action
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