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What Does the Federal Consumer Credit Protection Act State Regarding

Question 33

Multiple Choice

What does the Federal Consumer Credit Protection Act state regarding how much a debtor's wages may be garnished?

A) That a debtor must be able to keep the 75 percent of his or her weekly net income.
B) That a debtor must be able to keep 30 times the federal minimum wage.
C) That a debtor must be able to keep the greater of the following two options: 75 percent of his or her weekly net income or 30 times the federal minimum wage.
D) Nothing because the Federal Consumer Credit Protection Act does not address garnishment.
E) Nothing because there is no Federal Consumer Credit Protection Act.

Correct Answer: