U.S.C. Title 15 - COMMERCE AND TRADE 15 U.S.C. United States Code, 2024 Edition Title 15 - COMMERCE AND TRADE CHAPTER 41 - CONSUMER CREDIT PROTECTION SUBCHAPTER II - RESTRICTIONS ON GARNISHMENT Sec. 1672 - Definitions From the U.S. Government Publishing Office, www.gpo.gov §1672. Definitions 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. (Pub. L. 90–321, title III, §302, May 29, 1968, 82 Stat. 163.)
15 U.S.C. § 1672
§1672. Definitions
Edition 2024