NEW YORK – New York’s Attorney General has released official guidance to protect stimulus payments from being seized by debt collectors.
The announcement from Attorney General Letitia James comes as billions of dollars have been sent to Americans as part of the American Rescue Plan.
The official guidance from her office excludes certain types of payment like public assistance, social security, and veterans and retirement benefits, from garnishment by debtors.
Under New York law banking institutions, creditors, and debt collectors, cannot “freeze” funds in these accounts.
Her Office says the guidance is based on multiple state and federal consumer protection laws.
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