We hastidly put together a policy/procedure for this rule. I see the model notice on the toolbox page, but where can I find a good policy and/or procedures for the Garnishment Rule?

There was a good set of guidance put out by the Treasury/FMS:

http://www.fms.treas.gov/greenbook/guidelines_garnish0311.pdf

Take a look and see if this gives you what you need. Good luck!

Your procedures are driven in large part by state law and your bank's capabilities for fixing account balances during the business day. There will be no generic procedures that would serve as evidence that your bank attempted good faith compliance; you need to write your own. This procedure will constitute a simple side track from your regular processes; it will be used a relatively small percentage of the time.

The best "policy" approach is to have a policy on the handling of third party claims against customer funds and to address this issue in a single paragraph.

Are you doing your policy as a stand alone policy or adding it to an existing policy?