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By accepting recurring federal benefit payments, your institution has agreed to satisfy certain requirements and obligations that you may not realize. For instance, your institution must protect a specific amount of federal benefit payments from certain garnishments and levies, and possibly from your institution’s right of setoff. Further, your institution is obligated to reimburse the federal government in accordance with its reclamation process even if the federal benefit payments have been withdrawn from the account. This webinar will examine the procedures mandated by the federal government and will explain how to calculate the amount of federal benefit payments that must be protected. Learn the steps that your institution must take to reduce your risk of loss in the federal government’s reclamation process.
For more information and to register, click here.