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Any bank account can be frozen by court order, in any location.
Per the federal government the following interm regulations will keep these monies from being frozen.
http://www.prnewswire.com/news-releases/new-treasury-rule-protects-social-security-va-other-federal-benefits-116750804.html
National Consumer Law Center Advocate Applauds New Rules
WASHINGTON, Feb. 23, 2011 /PRNewswire-USNewswire/ -- A federal rule issued today that strengthens protections for bank accounts used to collect federal benefits is welcome news for retirees, veterans and disabled persons, according to a lawyer for the National Consumer Law Center.
The "interim final" rule, which will take effect on May 1 but is still open for public comment, will limit creditors' ability to freeze and take funds from accounts that contain Social Security, Supplemental Security Income (SSI), VA and other federal benefits. These benefits, which are legally protected from court-issued garnishment orders, are critical to the survival of many recipients.
"We applaud the work of the Treasury Department and the other agencies to safeguard these essential benefits, and the leadership of Sen. Max Baucus on this issue," said Margot Saunders, an attorney with the Center. "All too often, elders, veterans, and disability benefit recipients who rely on these benefits for their basic needs have been unable to access them for extended periods because of creditor-imposed garnishment freezes."
Social Security, Supplemental Security Income (SSI), VA, and similar federal benefits are intended to meet beneficiaries' daily needs. Federal law makes these funds immune from seizure by creditors.
But in practice, creditors frequently obtain court garnishment orders so that banks then freeze bank accounts containing protected funds. A beneficiary may be unable to access urgently needed funds for weeks or months. Often, the paperwork and procedures needed to end an illegal freeze prove too daunting for a recipient, so that a bank turns over supposedly "untouchable" funds to a creditor.
The new rule prohibits the practice of denying beneficiaries access to these essential funds in bank accounts. It requires all banks to determine whether an account contains protected funds. If an account contains protected funds, the bank is required to protect two months of benefit payments from garnishment. Protection of more than two months of benefit payments requires additional court filings by the beneficiary.
In announcing the rule, the agencies stated that its framework could be expanded in future years to protect other federal payments such as military retirement.
"There are still many other steps that need to be taken to make bank accounts safe," Saunders said. "But this new rule will give peace of mind to many elders, veterans, and disability benefit recipients."
Comments on the new rule may be filed by May 24, 2011, by going to www.regulations.gov and entering "3206-AM17" in the keyword field.
National Consumer Law Center® is a non-profit organization that advocates on behalf of low-income and elder consumers. NCLC works with thousands of legal services, government and private attorneys, as well as organizations, who represent low-income and elderly individuals on consumer issues.
SOURCE National Consumer Law Center
Read more: Can_veteran's_disability_pay_be_garnished
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Are there garnish bank accounts in South Carolina?
Yes, a creditor can garnish a bank account in South Carolina. The creditor will have to obtain a judgment from a court before a bank account can be garnished.
What is frozen amount in bank?
A frozen amount in a bank meant that the deposit you have in your account cannot be withdrawn as it is "frozen". One of the reasons why account is frozen is because of a court order.
How can you have a bank account frozen?
You can have a bank account frozen by going to an attorney or before a court of law and receiving a garnishment or judgment. If you receive a judgment, it is not enough, you have to have an order to freeze a bank account.
Can a creditor get a judgment and freeze your bank account in South Carolina?
A creditor can get a judgment and freeze your bank account in South Carolina, but typically creditors only do this if you owe them a very large amount of money. The cost to do this usually means it's not worthwhile for creditors to pursue this type of action.
How quickly do bank accounts get frozen?
Actually bank accounts can be frozen in a matter of minutes. An account can get frozen if the bank suspects fraudulent or money laundering activities in it or if there is a legal request from law enforcement authorities to freeze a particular account. Either ways the account would get frozen within minutes.
Are there garnish bank accounts in South Carolina?
Yes, a creditor can garnish a bank account in South Carolina. The creditor will have to obtain a judgment from a court before a bank account can be garnished.
Close a bank account that is frozen?
If a bank account is frozen, it can be closed by visiting the bank. A person can also close their bank account by calling the bank and speaking with a representative.
What is frozen amount in bank?
A frozen amount in a bank meant that the deposit you have in your account cannot be withdrawn as it is "frozen". One of the reasons why account is frozen is because of a court order.
How can you have a bank account frozen?
You can have a bank account frozen by going to an attorney or before a court of law and receiving a garnishment or judgment. If you receive a judgment, it is not enough, you have to have an order to freeze a bank account.
Can a creditor get a judgment and freeze your bank account in South Carolina?
A creditor can get a judgment and freeze your bank account in South Carolina, but typically creditors only do this if you owe them a very large amount of money. The cost to do this usually means it's not worthwhile for creditors to pursue this type of action.
Would a large check cause your bank account to be frozen?
Possibly. Contact your bank for more information concerning why your account is frozen and how you should proceed.
How quickly do bank accounts get frozen?
Actually bank accounts can be frozen in a matter of minutes. An account can get frozen if the bank suspects fraudulent or money laundering activities in it or if there is a legal request from law enforcement authorities to freeze a particular account. Either ways the account would get frozen within minutes.
If a bank account is frozen then why isn't it covered in ice?
because its frozen inside
If your spouse has a personal bank account frozen to collect consumer debt is your personal bank account also at risk of being frozen in the state of new york?
If the account has his name on it, possibly.
How do you unfreeze bank account NY?
It depends on the reason the account was frozen, you MUST contact the bank for the details
What is the symbol for Bank of South Carolina Corp in NASDAQ?
The symbol for Bank of South Carolina Corp. in NASDAQ is: BKSC.
Can you cash a paycheck if your bank account has been frozen?
No.
